What is an Economy Act Mipr?

Within the Department of Defense (DoD), Economy Act orders typically are executed by issuance of a DD Form 448, “Military Interdepartmental Purchase Request (MIPR).” The Congress passed the Act in 1932 to obtain economies of scale and eliminate overlapping activities of the federal government.

What are the statutory conditions for use of the Economy Act?

An Economy Act purchase is permitted only if: (1) amounts for the purchase are actually available, (2) the purchase is in the best interest of the Government, (3) the ordered goods or services cannot be provided by contract from a commercial enterprise, i.e., the private sector, as conveniently or cheaply as could be …

Who must approve the D & F for Economy Act orders issued to performing activities outside the DoD?

contracting officer
(FAR 17.502-2(c)(2)). a. The D&F must be approved by a contracting officer of the requesting agency with the authority to contract for the supplies or services ordered (or by another official designated by the agency head).

What did the Economy Act do?

The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 8, enacted March 20, 1933; 38 U.S.C. § 701), is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.

Do contract closeouts require modifications?

It depends on what you are trying to do for contract closeout and what in the contract you are trying to change, e.g. deobligate excess funds from a CLIN etc. If no physical change to the contract is required then no modification is needed, you are closing out the contract file.

What is the project Order Act?

A “project order” is a specific, definite and certain order issued under the authority contained in 41 U.S.C. 23 which, when placed with and accepted by a separately managed DoD establishment, serves to obligate appropriations in the same manner as orders or contracts placed with commercial enterprises.

Which of the following are prohibited by the Antideficiency Act?

Overview. This act prohibits federal agencies from obligating or expending federal funds in advance or in excess of an appropriation, and from accepting voluntary services.

What is a project order?

Is an IAA a contract?

d) Interagency Agreement (IAA): A written agreement entered into between two Federal agencies, or major organizational units within an agency, which specifies the goods to be Page 4 DEPARTMENT OF THE TREASURY INTERAGENCY AGREEMENT GUIDE 4 furnished or tasks to be accomplished by one agency (the servicing agency) in …

Who made the Economy Act?

Economy Act of 1932 and the Economy Act of 1933 8). The earlier Act was enacted by Congress and signed by President Herbert Hoover in February 1933, one of his last actions as President.

What was the act of 1932?

The Economy Act of 1932 is an Act of Congress that established the purchasing authority of the federal government….Economy Act of 1932.

What is the purpose of the Economy Act?

the Economy Act, 31 U.S.C. § 1535, which provides that an agency may place an order witha major organizational unit within the same agency or another agency for goods or services if:

When is an Economy Act order obligated?

Obligation. An Economy Act order obligates the applicable appropriation of the requesting agency or unit upon acceptance of the order by the servicing agency. The entire amount of a reimbursable order should be obligated by the requesting agency when the order is accepted.

What are the requirements for the Economy Act?

(c) Requirements for determinations and findings. (1) Each Economy Act order to obtain supplies or services by interagency acquisition shall be supported by a determination and findings (D&F). The D&F shall-