§3906 Cost-reimbursement contracts

Summary

The Federal Acquisition Regulation must explain how and when agencies can use cost-reimbursement contracts. The rules must cover when those contracts are appropriate, what written findings an acquisition plan needs to justify them, and what staff and skills are needed to award and manage them. Executive agency means the same as in section 133 of this title. The Director of the Office of Management and Budget must send an annual report to Congress by March 1 covering the fiscal year that ended the prior September 30. The report must show the total number and value of all contracts and orders, the total number and value of cost-reimbursement contracts and orders, and an assessment of whether the rules are working. Reports were required from March 1, 2009, until March 1, 2014. The report goes to the House Oversight and Government Reform Committee, the Senate Homeland Security and Governmental Affairs Committee, the House and Senate Appropriations Committees, and, for the Defense and Energy Departments, the House and Senate Armed Services Committees.