DATE: May 16, 2000

FROM: Barry McVay, CPCM

SUBJECT: National Aeronautics and Space Administration Federal Acquisition Regulation (FAR) Supplement (NFS); Contract Financing

SOURCE: Federal Register, May 16, 2000, Vol. 65, No. 95, page 31101

AGENCIES: National Aeronautics and Space Administration (NASA)

ACTION: Final Rule

SYNOPSIS: NASA is amending the NFS so that it: conforms to the changes made to the Federal Acquisition Regulation (FAR) by Federal Acquisition Circular (FAC) 97-16 regarding progress and performance-based payments; provides additional guidance on the use of progress and performance-based payments; and conforms to the FAC 97-15 deletion of FAR Subpart 23.1, Pollution Control and Clear Air and Water. Also, this final rule makes editorial corrections and miscellaneous changes to correct referenced FAR and NFS citations and NASA office designations.

EDITOR'S NOTE: For more on FAC 97-16, see the March 27, 2000, FEDERAL CONTRACTS DISPATCH "Federal Acquisition Circular (FAC) 97-16, Small Business Competitiveness Demonstration Program and Progress Payments and Related Financing Policies."

EFFECTIVE DATE: May 16, 2000.

FOR FURTHER INFORMATION CONTACT: Joseph Le Cren, NASA Headquarters, Code HK, Washington, DC 20546, 202 358-0444, e-mail: joseph.lecren@hq.nasa.gov.

SUPPLEMENTAL INFORMATION: FAC 97-16 amended FAR Part 32, Contract Financing, to simplify and streamline the administration of progress payments, and to permit the use of performance-based payments in contracts for research and development and contracts awarded through competitive negotiation procedures. The following are the primary changes being made to NFS Part 1832 as a result of FAC 97-16:

There is one other significant change made by this final rule: NFS Subpart 1923.1, Pollution Control and Clear Air and Water, is deleted because FAC 97-15 deleted FAR Subpart 23.1.

FOR FURTHER INFORMATION CONTACT: Barry McVay at 703-451-5953 or by e-mail to BarryMcVay@FedGovContracts.com.

Copyright 2000 by Panoptic Enterprises. All Rights Reserved.

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