Overview
This section outlines the mandatory annual reporting obligations for executive agencies regarding interagency acquisitions and establishes responsibility for service contract reporting.
Key Rules
- Agency Reporting: The Senior Procurement Executive (SPE) of each executive agency is required to submit an annual report on interagency acquisitions to the Director of the Office of Management and Budget (OMB).
- Servicing Agency Responsibility: The contracting officer at the servicing agency holds the responsibility for ensuring compliance with service contractor reporting requirements.
- Regulatory Alignment: Reporting must be conducted in accordance with FAR Subpart 4.17, which governs the Service Contracts Inventory.
Practical Implications
- Agencies must maintain robust data tracking systems to capture interagency spend and activity for OMB oversight.
- Contracting officers at servicing agencies must verify that contractors are correctly reporting labor hours and Tier 1 subcontractor data in SAM.gov to satisfy the Service Contract Inventory requirements.