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DOD issues proposed rule to amend DFARS payment and billing instructions.

DOD has issued a proposed rule to amend DFARS provisions regarding payment and billing instructions in DOD contracts. This proposed rule would, among others: (1) relocate text at DFARS 204.201, 204.202, 204.7103-2, 204.7104-2, 204.7107, and 204.7108 regarding distribution of contracts and modifications, numbering of contracts line items, and accounting classification references to the DFARS Procedures, Guidance, and Information (PGI) companion resource; (2) amend DFARS 204.7106 to clarify that contract modifications decreasing the amount obligated should not be used, unless there is a significant amount of unliquidated obligations or the purpose is recover money owed to the government; and (3) amend the "Material Inspection and Receiving Report" instructions to address electronic submission. Comments are due by August 24, 2004. (69 Fed. Reg. 35564, 6/25/04)

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Title Annotation:Regulations; Department of Defense
Publication:Contract Management
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 2004
Previous Article:DOD issues proposed rule amending DFARS reporting requirement for contracts outside states.
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