16.301-3  Limitations.

6.  Amend section 16.301-3 by--

a.  Removing from paragraph (a)(3) "contract;" and adding "contract or order;" in its place; and

b.  Revising paragraph (a)(4).

The revised text reads as follows:

16.301-3  Limitations.

(a) * * *

(4)  Prior to award of the contract or order, adequate Government resources are available to award and manage a contract other that firm-fixed-priced (see 7.104(e)). This includes appropriate Government surveillance during performance in accordance with 1.602-2, to provide reasonable assurance that efficient methods and effective cost controls are used.

* * * * *

[FR Doc. 2012-4481 Filed 3-1-12; 8:45 am]

BILLING CODE 6820-EP-P