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DFARS change 20051220: contract financing.

On December 20, 2005, the Office of the Director of Defense Procurement and Acquisition Policy published the following changes and proposed changes to the Defense FAR Supplement (DFARS). Additional information on these changes can be found at <>.

Final Rules

Contract Financing (DFARS Case 2003-D043)

Clarifies requirements for establishing due dates for contract financing payments; deletes text that is unnecessary or duplicative of FAR/DFARS policy on financial consultation matters, contract payment instructions, and use of the Governmentwide commercial purchase card; deletes unnecessary text on the composition and responsibilities of the DoD Contract Finance Committee; increases from $500 to $2,500 the value at or below which the requirements of FAR Subpart 32.4, Advance Payments for Non-Commercial Items, do not apply to high school and college publications for military recruitment efforts; and relocates to PGI, text on department/agency contract financing offices, approvals for advance payments or unusual progress payments, debt collection procedures, and bankruptcy reporting.

Technical Amendment

Adds references to DoD guidance on purchase, travel, and fuel card programs. Adds procedures to PGI regarding designation of a contracting officer's representative for service contracts.

Proposed Rule

Contract Pricing and Cost Accounting Standards (DFARS Case 2003-D014)

Updates and clarifies text regarding contract pricing matters and cost accounting standards. Implements provisions of Section 817 of the National Defense Authorization Act for Fiscal Year 2003 (Public Law 107-314) regarding exceptions to cost or pricing data requirements and waiver of cost accounting standards. Relocates to PGI, DoD procedures addressing pricing considerations, profit analysis, and waiver of cost accounting standards.
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Title Annotation:Policy & Legislation
Publication:Defense AT & L
Date:Mar 1, 2006
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