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The micro-purchase threshold, the simplified acquisition threshold, the 8(a) sole source contract ceiling and several other similar acquisition limits are likely to increase in 2025. And the oversight and accountability of subcontracting efforts by prime contractors is getting more scrutiny. Source: OFPP memo from Nov.
For the former, the information below can serve as a refresher on the basics of economic disadvantage–but also, a source for SBA’s most recent economic disadvantage thresholds (as of 2024, as these are updated periodically for inflation ). What are SBA’s current economic disadvantage thresholds ?
We started discussing the Act back in early 2023 after it was passed in late 2022, and I outlined my predictions at the Court of Federal Claims judicial conference. The OCI Statute The Preventing Organizational Conflicts of Interest in Federal Acquisition Act was made effective on December 27, 2022.
Challenges to a $50 billion government-wide IT contracting vehicle, CIO-SP4, contributed to a 22% increase in bid protests handled by the Government Accountability Office, according to numbers the agency submitted to Congress. There were 368 in fiscal 2023, compared to 344 in fiscal 2022.
GSA created the CPI program under a proof-of-concept moniker with awards to Amazon, Fischer and Overstock Government in 2020 under direction from Congress with a goal of capturing data on and managing products under the micro purchase threshold of $10,000. Overstock Government decided not to bid on the next generation platform, sources say.
By: Richard Arnholt On November 8, the Government Accountability Office (GAO) denied an unsuccessful bidder’s protest that asserted the Veteran Administration’s (VA) evaluation of Texas Waste Company’s past performance was unreasonable and reflected the Contracting Officer’s (CO) bias. B-418123.4, 9, 2020, 2020 CPD ¶ 397 at 5.)
Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).
It is fair to say I did get some pushback for my view and how that implied an unreasonably high threshold of competence and behaviour by decision makers in the run up to a serious medical emergency. In early 2022 1.5b of unused PPE items had expired and by 2023 3bn items of PPE had been disposed of.
The General Services Administration’s top IT official says GSA did not violate the law when it bought more than 100 China-made video conferencing cameras in 2022 as part of a pilot project. The IG’s report centers on two separate transactions occurring in March and October of 2022, respectively. Deputy IG Robert Erickson Jr.
Universities have successfully persuaded the Cabinet Office to introduce a minimum contract value threshold of £2 million in relation to some of the transparency requirements to reduce the administrative burden on universities, particularly regarding the publication of information. Get in Touch First name (*) Please enter your first name.
Total Venture Capital Investment in Artificial Intelligence from 2012 to 2022 in LAC5 (USD billions) Source: Chart elaborated by the authors using data from OECD AI Policy Observatory. These regulations should address issues of data privacy, algorithmic fairness, transparency, and accountability. trillion) by 2030 [2]. 4] Barrios, et.
Countries are enacting new national security laws to limit foreign influence, including China’s 2017 National Security Law; the US’s 2022 National Security Strategy; and the EU’s 2023 Economic Security Strategy. These changes have profound political, economic, and societal implications. As observed by Henry A.
114-125 ) to increase the de minimis threshold for imports into the United States from $200 to $800, far exceeding similar thresholds in other countries globally. International Trade Commission (“ITC”), Section 321 imports account for a substantial share of all U.S. e-commerce imports in fiscal year 2022.
The SFSC held that under these circumstances, it did not need to take the alleged facts into account (para. This criticism, even if it were true, would not reach the high threshold for a violation of public policy, in any event (para. decision 4A_398/2021 of 20 May 2022, para.
based on information in Amazon’s 2022 Sustainability Report Which Certification is best? Products must be registered with the Amazon Brand Registry program, and have “best in class unit efficiency” according to Amazon’s unit efficiency thresholds and as calculated by Amazon’s unit efficiency tool.
Authored by Ryan Roberts and Daniel Alvarado, Sheppard Mullin In January 2022, we warned software companies selling indirectly against attempting to enforce the terms of their End User License Agreement (“EULA”) directly against the Federal Government based on the decision of the Civilian Board of Contract Appeals (“CBCA”) in Avue Technologies Corp.
Jay Blindauer The bond yield curve inverted in October 2022. [1] 22] Plainly, approximately (22) months after October 2022 is on or about August to September 2024. in February 2022, but still above the 2% target. [32] in February 2022, but still above the 2% target. [32] At least it has every time since 1968. [2]
Accounting Corner: First Glance: Breakdown of the Alliant 3 Draft Solicitation Authored By: Leo Alvarez, Principal, Dylan Schreiner, Manager, and Molly Menoni, Senior Consultant ; Baker Tilly January 18, 2024 The highly anticipated and closely watched second draft of the Alliant 3 solicitation is finally here! SIZ-6139 (2022). [8]
The program is currently testing 20 technologies, including electric vehicle supply equipment, germicidal ultraviolet to sterilize air, and greenhouse gas accounting. Most DoD assessments were found to take place above a threshold of $111.4 DoD estimates that hundreds of defense companies undergo M&A every year.
The FIT Act would authorize agencies to make advanced payments for cloud computing services, increase the simplified acquisition threshold from $250,000 to $500,000 and the micro-purchase threshold from $10,000 to $25,000, and require Federal procurement officers to take cross-functional training. SIZ-618, 2022 WL 17423607.
These requirements are expected to be included in all DoD solicitations valued above the micro-purchase threshold, except for procurements that are exclusively for commercially available off-the-shelf (COTS) items. SIZ-6139 (2022). [8] 8] The change was not discussed in the preamble to the proposed or final rule. [9] 18, 2023. [7]
Cost Accounting Section 802 amends 10 U.S.C. Although consolidation of the DIB has been an area of increased regulatory focus in recent years, the Government Accountability Office (GAO) released a report in October 2023 finding that DoD lacked sufficient resources and insight to perform its M&A monitoring and assessment function.
trillion dollars in fiscal year 2022 which amounted to approximately 25% of total gross domestic product. Contractors considering protest should note that the Government Accountability Office (“GAO”) will be closed during the shutdown. government spent $6.27 There are over 2.2 on the first day that GAO reopens.
Government Accountability Office (“GAO”) published a report on mergers and acquisitions (“M&A”) in the defense industrial base. On October 17, 2023, the U.S. The report details the current M&A review process of the Department of Defense (“DOD”) and provides recommendations to proactively assess M&A competition risks.
BABA requirements extend “Buy America” requirements, applying them to all federal financial assistance awards obligated on or after May 14, 2022. In the face of strong opposition from some powerful lobbying groups like the United Steelworkers Union, DOT maintained fairly robust thresholds in line with the proposed waiver.
This symposium is an excellent opportunity for contracts and compliance professionals, Federal account executives, and other professionals to stay informed and ensure their organizations are prepared for current and future cybersecurity requirements from their Federal customers. The CMMC 2.0 To register, click here.
In September 2022, iron ore was valued at approximately 99.8 ” [6] Turning to labor costs, BLS’ July 2022 Employment Cost Index (“ECI”) revealed that “[c]ompensation costs for private industry workers increased 5.5 percent from June 2021 to June 2022. .” percent from June 2021 to June 2022. percent.” [7]
In 2022, the Office of Personnel Management issued Skill-Based Hiring Guidance implementing the EO for agencies to further advance innovation in Federal hiring. These plans mark another stage in the implementation of DoD’s Zero Trust Strategy , released in 2022.
GAO Reviews Agency Progress on Cybersecurity Executive Order MeriTalk reports that the Government Accountability Office (GAO) released a review on April 18 which found that, while 49 of 55 leadership and oversight requirements from the 2021 Executive Order (EO) on Improving the Nation’s Cybersecurity have been implemented, five are still unfinished.
He began with the Government Accountability Office before serving as Chief Counsel to the then-GSA Board of Contract Appeals. According to the Centers for Medicare and Medicaid Services (CMS), “[t]hese selected drugs accounted for $56.2 1] The Government Accountability Office denied the protest. Tom also was Counsel to the U.S.
Potential Changes to FSS EPA Clauses As you know, one of the Coalition’s priorities in 2022 and 2023 was to increase flexibility in the application of Economic Price Adjustments (EPAs) in the Federal Supply Schedule (FSS) program during a time of historic inflation.
A high threshold is applicable to s. It will also involve a consideration of the defences, which may be skeletal at that stage and should take into account all reasonably foreseeable defences to the claim. In August 2022, the arbitration panel issued an award in favour of Preble-Rish in the amount of approximately US$ 28.2
Summary of DoD’s Final Rule The DFARS rule largely follows the provisions of the FAR final rule published in March 2022 ( discussed here ). This increase aligns the DFARS domestic content threshold with that in the FAR. This “fallback threshold” will remain in effect under both the FAR and DFARS rules until 2030.
And this Spring, contractors and subcontractors have two June filing deadlines to think about—June 21, 2022 for the EEO-1 Report, and June 30, 2022 for the brand new Affirmative Action Program Certification. Indeed, if you see the geraniums bloom, it is time to think about EEO. More on that below. 112] The report(s) can be filed here.
There is no exception for contracts below the simplified acquisition threshold, for commercial products and services, or for commercially available off-the-shelf (COTS) products. The new FAR provisions are to be included in all solicitations and contracts. There is a separate open FAR case (No.
There is no exception for contracts below the simplified acquisition threshold, for commercial products and services, or for commercially available off-the-shelf (COTS) products. The new FAR provisions are to be included in all solicitations and contracts. There is a separate open FAR case (No.
Significantly, FSS Blanket Purchase Agreements (BPAs), which leverage individual agency requirements, now account for over 53% of the dollar value of orders under the program. billion, which accounted for 11.4 GAO recommended that OMB lead efforts with the FRPC to develop new benchmarks for utilization that account for telework.
2022 saw a reform of the arbitration rules of the International Center for Settlement of Investment Disputes (“ICSID” and “ICSID Rules”) and the introduction of a provision on security for costs in Rule 53 ICSID Rules. This finding reflects the exceptional nature of a grant of security for costs and the high threshold applied by tribunals.
Please refer to our January 5, 2023 , November 4, 2022 and May 16, 2022 blog posts for more information. Thus, beginning in 2025, the FMV would be increased to account for administrative payments included under the compensation rate, beginning at $31 and updated annually. for Medicare & Medicaid Servs. June 8, 2020). [8]
In the still unpublished Award of 18 May 2022, the PCA tribunal rejected the Czech Republic jurisdictional objections, and found it in breach of fair and equitable treatment obligations on the merits, awarding damages amounting to USD 350 million to the Claimants.
The Government Accountability Office will rule on the protests by mid-April. If a multiple-award acquisition is expected to meet or exceed the substantial bundling dollar threshold the agencys small business specialist would be required to notify the PCR if the agency expects less than 30% of the contract awardees to be small businesses.
GAO Examines Federal Agencies’ Use of AI On December 12, the Government Accountability Office (GAO) published a report investigating the use of artificial intelligence (AI) within the government. 5] Agencies may compete orders on the GSA Schedule 8(a) contract even if the value of the order is below the 8(a) competitive threshold ($4.5
Jay Blindauer In October 2022, I circulated “ An In-Depth Examination of Inflation Relief for a Government Contractor [.]” December 2022 +6.5% November 2022 +7.1% October 2022 +7.7% September 2022 +8.2% August 2022 +8.3% July 2022 +8.5% June 2022 +9.1% May 2022 +8.6% April 2022 +8.3%
By June 30, 2022 , U.S. No contractor wants to experience massive labor disruption on account of sick days attributed to COVID-19. Consequently, ideally, a Government official will just ask for an anonymized accounting of who is/is not vaccinated. Army active duty servicemembers are supposed to be fully vaccinated.
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