§5107 Quarterly Acquisition Reports and Major Acquisition Program Risk Assessment

Summary

The Commandant must brief the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate about all Level 1 and Level 2 acquisition programs (as defined in section 1171). The briefing must be delivered within 45 days after each fiscal quarter and again at least 1 week before any procurement action that will seriously change a program’s costs or schedule. Each briefing must say what the program will buy and why, how many units will be bought each year under the current plan, the Acquisition Review Board status (current phase, date of last review, and whether the program is paused or in breach), how the current cost, schedule, and performance goals compare to the original baseline, a lifecycle cost estimate with confidence level and year/account breakouts and reasons for any changes, results of any independent verification and validation or why none was done, a table of past and current fund obligations and planned carryover, the prime contractors and major subcontractors, and a plain description of risks to cost, schedule, or performance (including any test failures, decisions to start full-rate production early, or any cost or schedule breaches). After the Secretary approves an Acquisition Decision Memorandum for these programs, the Commandant must send that memorandum to the same two committees within 5 business days.