§3103 — Title 41 Public Contracts | U.S. Code

Summary

Agency heads must aim to meet, on average, 90 percent of the cost, performance, and schedule goals for their major acquisition programs. Agency heads must approve or set those goals. The agency chief financial officer must review the cost goals for each major program. If a program is far behind schedule, over budget, or not meeting required performance or capability, the agency head must decide if it should continue and pick actions to fix it or end it.

Title 41, §3103

Public Contracts — Source: USLM XML via OLRC

(a)It is the policy of Congress that the head of each executive agency should achieve, on average, 90 percent of the cost, performance, and schedule goals established for major acquisition programs of the agency.

(b)(1)The head of each executive agency shall approve or define the cost, performance, and schedule goals for major acquisition programs of the agency.

(2)The chief financial officer of an executive agency shall evaluate the cost goals proposed for each major acquisition program of the agency.

(c)When it is necessary to implement the policy set out in subsection (a), the head of an executive agency shall—

(1)determine whether there is a continuing need for programs that are significantly behind schedule, over budget, or not in compliance with performance or capability requirements; and

(2)identify suitable actions to be taken, including termination, with respect to those programs.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 310341:263. June 30, 1949, ch. 288, title III, § 313, as added Pub. L. 103–355, title V, § 5051(a), Oct. 13, 1994, 108 Stat. 3351; Pub. L. 105–85, div. A, title VIII, § 851(a), Nov. 18, 1997, 111 Stat. 1851.

§3103 Acquisition Programs

Summary

Title 41, §3103

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata