27 May 2025
💼OMB Review of Federal Acquisition Regulation Part 32 Requirements
Submission for OMB Review; Certain Federal Acquisition Regulation Part 32 Requirements
Summary
Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division has submitted to OMB a request to review and approve an extension of a previously approved information collection requirement regarding certain Federal Acquisition Regulation part 32 requirements.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
- Federal Procurement Policy Office
- Management and Budget Office
Business Impact
$$$ - High
The text details regulatory requirements for contractors seeking advance payments and outlines key compliance obligations under the Federal Acquisition Regulation (FAR). Businesses involved in federal contracting must adhere to these regulations, impacting their financial planning and compliance strategies.