Division A · Title VIII: Acquisition Policy, Acquisition Management, and Related Matters · Subtitle A: Acquisition Policy and Management
Contractors can no longer use the excuse that their cost or pricing data was submitted late if the data updates they provide after agreeing on a contract price are based on information older than 30 days. This change removes a previous defense related to late submission of cost and pricing data.
AI-generated from this section’s text — a quick orientation, not a substitute for the full text below. Not legal advice.
in paragraph (3) by striking or at the end;
in paragraph (4) by striking the period and inserting ; or ; and
by adding at the end the following:
updates to cost or pricing data submitted by the prime contractor or subcontractor after the date of agreement on the price of the contract (or price of the modification) or, if applicable and if consistent with subsection (a)(2), such other date agreed upon between the parties, were based on data that was more than 30 days old.