DATE: December 12, 2006

SUBJECT: Federal Acquisition Circular (FAC) 2005-15, Time-and-Materials and Labor Hour Contracts

SOURCE: Federal Register, December 12, 2006, Vol. 71, No. 238, page 74656

AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA)

ACTION: Final Rules

SYNOPSIS: The Federal Acquisition Secretariat is issuing FAC 2005-15 to amend the Federal Acquisition Regulation (FAR) in the following areas: (1) payments under time-and-materials (T&M) and labor-hour (LH) contracts; and (2) use of T&M and LH contracts for commercial services.

DATES: The effective date for these rules is February 12, 2007.

FOR FURTHER INFORMATION CONTACT: Jeremy Olson, 202-501-3221.

For general information, contact the FAR Secretariat, Room 4035, GS Building, Washington, DC 20405, 202-501-4755.

SUPPLEMENTAL INFORMATION: (1) Payments Under T&M and LH Contracts

(2) Use of T&M and LH Contracts for Commercial Services

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953.

Copyright 2006 by Panoptic Enterprises. All Rights Reserved.

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