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[Comments on Proposed Revisions to FAR]

B-236491,B-236493 Published: Jan 24, 1990. Publicly Released: Jan 24, 1990.
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Highlights

GAO commented on General Services Administration proposals to revise the Federal Acquisition Regulation to: (1) reflect statutory changes to cost principles applicable to contracts with educational institutions, Indian tribes, and nonprofit organizations; and (2) provide for the imposition of liquidated damages on prime contractors that failed to make a good faith effort to comply with a required subcontracting plan. GAO had no objection to the proposed changes.

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Cost accounting standards complianceDamages (legal)Federal regulationsFines (penalties)Procurement regulationsSubcontractsFederal acquisition regulationsEducational institutionsNonprofit organizationsLiquidated damages