Acquisition regulations: Contract financing payments; distribution; withdrawn,

[Federal Register: June 22, 1999 (Volume 64, Number 119)]

[Proposed Rules]

[Page 33239]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr22jn99-34]

DEPARTMENT OF DEFENSE

48 CFR Parts 214 and 215

[DFARS Case 97-D011]

Defense Federal Acquisition Regulation Supplement; Distribution of Contract Financing Payments

AGENCY: Department of Defense (DoD).

ACTION: Proposed rule; withdrawal.

SUMMARY: DoD is withdrawing a proposed rule published on November 26, 1997 (62 FR 63047). The rule proposed amendments to the Defense Federal Acquisition Regulation Supplement (DFARS) to specify that, when a contract contains multiple accounting classification reference numbers and a clause for progress payments, the contracting officer must provide instructions to enable the payment office to distribute the progress payments in proportions that reasonably reflect the performance of work under the contract. After review of public comments, and in consultation with the Office of the Under Secretary of Defense (Comptroller), the Director of Defense Procurement issued a policy memorandum, dated August 12, 1998, which is available via the Internet at http://www.acq.osd.mil/dp/. The memorandum requires contracting officers to provide progress payment distribution instructions for any fixed-price contract, other than firm-fixed-price, that is funded with multiple appropriations. Consequently, DoD has determined that the proposed DFARS revisions are unnecessary.

FOR FURTHER INFORMATION CONTACT: Defense Acquisition Regulations Council, Attn: Ms. Sandra G. Haberlin, PDUSD (A&T) DP (DAR), IMD 3D139, 3062 Defense Pentagon, Washington, DC 20301-3062; telephone (703) 602- 0131; telefax (703) 602-0350. Michele P. Peterson, Executive Editor, Defense Acquisition Regulations Council.

[FR Doc. 99-15835Filed6-21-99; 8:45 am]

BILLING CODE 5000-04-M