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Panoptic Enterprises' FEDERAL CONTRACTS DISPATCH

DATE: January 3, 2012

SUBJECT: Federal Acquisition Circular (FAC) 2005-55, Miscellaneous Amendments

SOURCE: Federal Register, January 3, 2012, Vol. 77, No. 1, page 182

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 2005-55 to amend the Federal Acquisition Regulation (FAR) in the following subject areas: (1) preventing abuse of interagency contracts; (2) transition to the System for Award Management (SAM); (3) brand-name specifications; (4) time-and-materials and labor-hour contracts for commercial items; (5) public access to the Federal Awardee Performance and Integrity Information System; (6) updated Financial Accounting Standards Board accounting references; and (7) technical amendments.

DATES: The effective date for these rules is February 2, 2012, except Items V and VII are effective January 3, 2012.

FOR FURTHER INFORMATION CONTACT: The following analysts:

      Items I and IV, Lori Sakalos, 202-208-0498.

      Items II and V, Edward Loeb, 202-501-0650.

      Item III, William Clark, 202-219-1813.

      Item VI, Edward N. Chambers, 202-501-3221.

SUPPLEMENTAL INFORMATION: Item I, Preventing Abuse of Interagency Contracts

Item II, Transition to the System for Award Management (SAM)

Item III, Brand-Name Specifications

Item IV, Time-and-Materials and Labor-Hour Contracts for Commercial Items

Item V, Public Access to the Federal Awardee Performance and Integrity Information System

Item VI, Updated Financial Accounting Standards Board Accounting References

Item VII, Technical Amendments



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

Copyright 2012 by Panoptic Enterprises. All Rights Reserved.

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