DoD asks contracting officers to use new analysis tool

Monday - 1/30/2012, 8:33am EST

The Defense Department wants contracting officers to use a new analysis tool when awarding performance-based contracts.

DoD says it will modify its acquisition regulations to require contracting officers to use the performance-based payments analysis tool. It is a cash-flow model for evaluating alternate financing plans. Contracting officers must use it when deciding to use performance-based payments on new fixed-price type contract awards from solicitations made on or after July 1, 2011.

This comes from a proposed rule in today's Federal Register. Comments are due March 30.

This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.

Tags: DoD, DoD Update