Military Alters Process for Industry IR&D Funding
Military Alters Process for Industry IR&D Funding
The U.S. Defense Department has released a new rule in which major contractors--defined as organizations whose covered segments allocated a total of more than $11 million in independent research and development (IR&D) and bid and proposal (B&P) costs to covered contracts during the preceding fiscal year--must enter project information into the Defense Innovation Marketplace for costs to be allowable. This regulation aims to create better communication between what the military needs and where companies invest their funding.