Under which act shall the requesting agency reimburse the servicing agency for rendered contract administration services?

Prepare for the Certified Federal Contract Manager Test. Gain confidence with flashcards and multiple-choice questions, each with hints and explanations. Get exam-ready today!

The correct answer is indeed the Economy Act. This act is designed to allow federal agencies to order goods and services from one another, promoting interagency cooperation and efficiency. When one agency provides services to another, such as contract administration services, the Economy Act mandates that the requesting agency reimburse the servicing agency for those services. This ensures that governmental financial integrity is maintained and that agencies are accountable for the resources they consume from one another.

The Economy Act is often utilized in situations where shared resources can help streamline operations or reduce costs, making it an essential framework for interagency agreements. This reimbursement process supports effective government operations by ensuring that funds are allocated appropriately and that agencies do not improperly use each other's resources without compensation.

The other acts listed do not pertain to this reimbursement structure. The Federal Acquisition Reform Act mainly focuses on streamlining procurement processes and enhancing the efficiency of federal contracting. The Sarbanes-Oxley Act is primarily a financial oversight framework aimed at enhancing corporate governance and accountability in publicly traded companies, not relevant to interagency reimbursements. Lastly, the Digital Accountability and Transparency Act centers on improving the quality of government data but does not address reimbursement for services between agencies.

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