Type:Notice
Citation:86 FR 1973
Reading Time:about 4 minutes
The Department of Defense (DOD), General Services Administration (GSA), and NASA have issued a notice under the Paperwork Reduction Act. They are seeking approval from the Office of Management and Budget (OMB) to renew and update requirements related to certified cost or pricing data. These requirements are meant to ensure that costs in government contracts are fair and reasonable. They invite public comments and have provided contact details for further information or issues regarding the submission process.
Simple Explanation
The government is asking to check and approve the rules that make sure prices in contracts are fair, like when buying big toys or supplies. They want to be sure everything is done right and are asking for thoughts from people.