17.504
Reporting requirements
FAR 17.504 requires agencies to submit annual interagency acquisition reports to OMB and mandates that contracting officers ensure service contract reporting compliance.
Overview
FAR 17.504 outlines the reporting requirements for interagency acquisitions. It mandates that each executive agency's senior procurement executive must submit an annual report on interagency acquisitions to the Director of the Office of Management and Budget (OMB), following OMB's guidance. Additionally, it requires that the contracting officer for the servicing agency ensures compliance with service contractor reporting requirements as specified in FAR subpart 4.17 (Service Contracts Inventory). This section is designed to promote transparency and oversight in interagency contracting activities.
Key Rules
- Annual Interagency Acquisition Report
- Senior procurement executives must submit annual reports on interagency acquisitions to OMB as directed.
- Service Contract Reporting
- Servicing agency contracting officers must ensure service contract data is reported in accordance with FAR 4.17.
Responsibilities
- Contracting Officers: Ensure service contract reporting requirements are fulfilled per FAR 4.17.
- Contractors: Provide necessary information for service contract reporting if required by the agency.
- Agencies: Senior procurement executives must compile and submit annual interagency acquisition reports to OMB.
Practical Implications
- This section exists to ensure accountability and transparency in interagency acquisitions.
- It impacts daily contracting by requiring accurate data collection and timely reporting.
- Common pitfalls include failing to submit required reports or incomplete service contract data, which can lead to compliance issues or audit findings.