DOD Issues Interim Rule Restricting Cost-Type Contracts
Law360, New York (January 30, 2014, 5:34 PM EST) -- The Department of Defense published an interim rule Wednesday that will prevent contracting officers from entering into cost-type contracts for production of major defense acquisition programs without a congressional waiver.
The rule change, which will take effect Oct. 1, was mandated by the 2013 National Defense Authorization Act, part of a congressional attempt to rein in escalating costs for DOD weapons systems. The DOD's undersecretary of defense for acquisition, technology and logistics might get around the prohibition by giving a written certification to congressional defense committees if a cost-cost-type contract is needed "to provide a required capability in a timely, cost-effective...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!