2026-19443NoticeWallet

Revolutionary FAR Overhaul? Weigh In on Paperwork Cuts by November

Published Date: 9/23/2026

Notice

Summary

The FAR Council (including DoD, GSA, NASA, and OFPP) is shaking up federal buying rules in parts 16, 17, and 35 to make paperwork easier and smarter. They want your thoughts on how these changes affect info collection, aiming to cut down hassle and boost clarity. If you’re involved in government contracts, speak up by November 23, 2026, to help shape a smoother, faster process that could save time and money.

Analyzed Economic Effects

7 provisions identified: 7 benefits, 0 costs, 0 mixed.

Less data for indirect cost proposals

The rule edits FAR 52.216-7(d)(2)(iii) to reduce the amount of data contractors must submit to support an adequate final indirect cost rate proposal. Contractors estimate this change will reduce time preparing submissions by about 10% and is intended to speed initial adequacy determinations.

Summary-only reporting for time-and-materials

Detailed labor data previously required for time-and-materials and labor-hour contracts (such as labor rates, labor hours, and other detailed cost elements) is removed from paragraph (k) and only summary-level information will be required in paragraph (h).

Simpler close-out info for completed contracts

Information previously required for contracts physically completed in a fiscal year (paragraph (o)) is moved to paragraph (h) and limited to level-of-effort information, the contract ceiling amount, and an indication whether the contract is ready to close; contract fee computations are no longer required.

Aggregate burden and estimated time savings

The revised annual public burden for OMB Control No. 9000-0069 is reported as 6,265 respondents, 6,265 total annual responses, and 1,353,807 total burden hours. The proposed changes are expected to decrease overall burden and contractors estimated about a 10% reduction in time preparing incurred cost submissions.

Subcontract reporting limited by pricing threshold

Paragraph (j) on Subcontract Information is limited to only those subcontracts with a value exceeding the threshold that triggers certified cost or pricing data under FAR 15.403-3. That narrows which subcontract details contractors must provide.

Payroll-to-cost reconciliation removed

Paragraph (l), which required submission of a reconciliation of total payroll per IRS Form 941 to total labor cost distribution, is removed entirely. Contractors will no longer have to submit that reconciliation as part of the collection.

No extra reporting from FAR 52.216-15 change

Clause FAR 52.216-15 (Predetermined Indirect Cost Rates) repeats the contractor requirement to submit an adequate final indirect cost rate proposal as in FAR 52.216-7(d), but does not add any new reporting requirements.

Personalized for You

How does this regulation affect your finances?

Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Key Dates

Published Date
Comments Due
9/23/2026
11/23/2026

Department and Agencies

Department
Independent Agency
Agency
Management and Budget Office
Federal Procurement Policy Office
Defense Department
General Services Administration
National Aeronautics and Space Administration
Source: View HTML

Related Federal Register Documents

Previous / Next Documents

Back to Federal Register