Accountability in Contracting Act

[AI summary unavailable — showing source text] Accountability in Contracting Act - Requires the revision of the Federal Acquisition Regulation (FAR) to restrict the period of specified noncompetitive federal contracts to the minimum period necessary to: (1) meet the urgent and compelling requirements of the work to be performed; and (2) enter into another contract for the required goods and services using competitive procedures. Amends the Federal Property and Administrative Services Act of 1949 to require specified executive agency heads to develop and implement plans to minimize the use of: (1) noncompetitive contracts; and (2) cost-reimbursement type contracts. Requires agencies to make justification and approval documents for noncompetitive contracts, including defense agency contracts, publicly available. Requires agencies to submit quarterly reports on unjustified contractor costs and audits identifying deficiencies in contractor performance. Requires 1% of the amount of contracts awarded by an agency to be used for contract personnel, planning, administration, and oversight. Amends the Office of Federal Procurement Policy Act to: (1) extend the period following federal employment, and add to the roles or circumstances, f…