Mike Thompson: “the Truth In Negotiations Act authorizes agencies to waive the requirement for contractors to provide certified cost or…”

“the Truth In Negotiations Act authorizes agencies to waive the requirement for contractors to provide certified cost or pricing data in "exceptional circumstances." Under current law, however, a subcontractor under a contract or subcontract for which an exceptional circumstances waiver has been granted may still be subject to the requirement to provide certified cost or pricing data. The administration has requested a change to this law to provide that exceptional circumstances waivers extend not only to a contract or subcontract, but also to subcontractors under that contract or subcontract. The proposed amendment would give agencies the authority to grant waivers that extend to subcontractors under a contract or subcontract, but would not require that they do so in every case. In addition, it would make a technical change to correct a section reference.”