Maintain the $500,000 threshold for cost and pricing data requirements for DOD. The Federal Property and Administrative Services Act should be amended to make it conform to the Truth in Negotiations Act requirements to all federal agencies.11 The increase in the threshold, and periodic adjustment of the threshold to account for inflation, should increase the efficiency and effectiveness of civilian agency acquisitions and result in better service to the federal manager. Civilian agencies would be able to reduce procurement lead time by 45 to 60 days for procurements between $100,000 and $500,000. The paperwork and administrative burden placed on contractors when submitting offers to the civilian agencies for certain negotiated contracts between $100,000 and $500,000 should be reduced. The administrative cost of awarding negotiated contracts for civilian agencies would decrease as a result of the threshold increase. Endnote 11. 41 U.S.C. 254(d), and 10 U.S.C. 2306a.
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