"We think that they've done some really, really great things in there. But again, this is a really rare opportunity to attack some of those requirements that are most burdensome, that's what we try to identify in this letter - where can we go further in streamlining those requirements that really are the ones that add to the timelines, and that are the ones that disincentivize certain elements of industry from participating."
"The first calls for the administration to streamline the requirements for industry to submit cost and pricing data. Industry has long argued that these requirements - which force companies to disclose information about the cost of goods and services so that the government can ensure pricing is fair - is overly burdensome and leads to some companies choosing not to work with the government."
The Federal Acquisition Regulations have not received a comprehensive overhaul since 1984, creating a rare opportunity to speed the acquisition process. The Aerospace Industries Association recommends more aggressive FAR changes to achieve faster acquisitions, greater competition, and better procurement results. The association highlights streamlining cost and pricing data requirements as a priority because those requirements are seen as overly burdensome and a disincentive for some companies to engage in government contracting. The association also identifies additional regulatory requirements that add to procurement timelines and reduce industry participation, and it urges targeted simplification to improve outcomes.
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