Source: http://www.law.cornell.edu/uscode/text/41/subtitle-I/division-C/chapter-39?quicktabs_8=0
Timestamp: 2014-03-14 09:12:48
Document Index: 95341549

Matched Legal Cases: ['§\u20093901', '§\u20093902', '§\u20093903', '§\u20093904', '§\u20093905', '§\u20093906', '§ 604', '§ 504', '§ 6', '§ 317', '§ 210']

41 U.S. Code Chapter 39 - SPECIFIC TYPES OF CONTRACTS | LII / Legal Information Institute
§ 3901. Contracts awarded using procedures other than sealed-bid procedures
§ 3902. Severable services contracts for periods crossing fiscal years
§ 3903. Multiyear contracts
§ 3904. Contract authority for severable services contracts and multiyear contracts
§ 3905. Cost contracts
§ 3906. Cost-reimbursement contracts
Contracts awarded using procedures other than sealed-bid procedures.
Contract authority for severable services contracts and multiyear contracts.
Act June 30, 1949, ch. 288, title VI, § 604, formerly title V, § 504,63 Stat. 403, renumbered by act Sept. 5, 1950, ch. 849, § 6(a), (b),64 Stat. 583, provided that: “If any provision of this Act [see Tables for classification], or the application thereof to any person or circumstances, is held invalid, the remainder of this Act, and the application of such provision to other persons or circumstances, shall not be affected thereby.”
Act June 30, 1949, ch. 288, title III, § 317, as added Pub. L. 107–347, title II, § 210(b),Dec. 17, 2002, 116 Stat. 2934, provided that:
“(a) Authority To Enter Into Share-in-Savings Contracts.—(1) The head of an executive agency may enter into a share-in-savings contract for information technology (as defined in section 11101
(6) of title 40, United States Code) in which the Government awards a contract to improve mission-related or administrative processes or to accelerate the achievement of its mission and share with the contractor in savings achieved through contract performance.
“(2)(A) Except as provided in subparagraph (B), a share-in-savings contract shall be awarded for a period of not more than five years.
“(i) the level of risk to be assumed and the investment to be undertaken by the contractor is likely to inhibit the government from obtaining the needed information technology competitively at a fair and reasonable price if the contract is limited in duration to a period of five years or less; and
“(ii) usage of the information technology to be acquired is likely to continue for a period of time sufficient to generate reasonable benefit for the government.
“(3) Contracts awarded pursuant to the authority of this section shall, to the maximum extent practicable, be performance-based contracts that identify objective outcomes and contain performance standards that will be used to measure achievement and milestones that must be met before payment is made.
“(4) Contracts awarded pursuant to the authority of this section shall include a provision containing a quantifiable baseline that is to be the basis upon which a savings share ratio is established that governs the amount of payment a contractor is to receive under the contract. Before commencement of performance of such a contract, the senior procurement executive of the agency shall determine in writing that the terms of the provision are quantifiable and will likely yield value to the Government.
“(5)(A) The head of the agency may retain savings realized through the use of a share-in-savings contract under this section that are in excess of the total amount of savings paid to the contractor under the contract, but may not retain any portion of such savings that is attributable to a decrease in the number of civilian employees of the Federal Government performing the function. Except as provided in subparagraph (B), savings shall be credited to the appropriation or fund against which charges were made to carry out the contract and shall be used for information technology.
“(i) without further appropriation, remain available until expended; and
“(ii) be applied first to fund any contingent liabilities associated with share-in-savings procurements that are not fully funded.
“(b) Cancellation and Termination.—(1) If funds are not made available for the continuation of a share-in-savings contract