Sec. 815. Modifications to Earned Value Management system requirements
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/bill/118/s/2226/pap/section-815·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 180 days after the date of the enactment of this Act, the Under Secretary for Acquisition and Sustainment shall update appropriate policies related to Earned Value Management
(EVM)as follows: Update subpart 234.2 of the Defense Federal Acquisition Regulation Supplement (DFARS) to exempt all software contracts and subcontracts from EVM requirements. Update sections 234.201, 234.203, 252.234–7001, and 252.242–7002 of the DFARS— to increase contract value thresholds associated with requiring EVM on cost or incentive contracts from $20,000,000 to $50,000,000; and to increase the contract value threshold for the contractor to use an EVM System from $50,000,000 to $100,000,000. If the Under Secretary of Defense for Acquisition and Sustainment is unable to update the regulations specified in subsection
(a)before the deadline specified in such subsection, the Under Secretary of Defense for Acquisition and Sustainment shall providing to the Committee on Armed Services of the Senate and the Committee on Armed Services of the House of Representatives a briefing explaining the timeline for implementation.