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What is the status of the effort to develop government wide standard terms and conditions?

April 26, 2017Conditions develop effort government standard Status terms wide

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What is the status of the effort to develop government wide standard terms and conditions?

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OMB established working groups to develop standard terms and conditions to be included within grants, contracts, loans and loan guarantees, or other forms of assistance, as appropriate and in compliance with the Paperwork Reduction Act (PRA). It is expected that these standard terms and conditions will be published in interim final rules or otherwise issued for agency use in March 2009. Agencies intending to finalize award agreement(s) prior to the issuance of the government wide standard should ensure that any agency developed terms and conditions related to the Recovery Act reflect the specific language of the Act and are approved by OMB, if required by the PRA. Agencies should consult OMB’s Office of Information and Regulatory Affairs if they are uncertain as to whether the PRA requires OMB approval of agency developed terms and conditions.