Major System Acquisition: A Discussion of the Application of OMB Circular No. A-109.
OFFICE OF FEDERAL PROCUREMENT POLICY WASHINGTON DC
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On April 5, 1976, the Director, Office of Management and Budget 0MB and the Administrator, Office of Federal Procurement Policy OFPP, issued a new policy for the acquisition of major systems by all executive branch agencies. The new policy, 0MB Circular No. A-109, is intended to effect reforms that will reduce cost overruns. p5
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