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Turns out the Portuguese government included in the 2022 and 2023 Budget laws a provision authorising *all* contracts connected with the World Youth Day to be awarded directly and without competition up until the value of the EU procurement thresholds. Why was this possible? According to the event commissioner, there were 3 (!)
This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations. 4] Bandiera, O.,
NITAAC recently announced it obtained 801 certification for fiscal year 2022. The NDAA is the name for a series of federal laws that determine the annual budget of the U.S. Congress oversees the defense budget through two yearly bills: the National Defense Authorization Act and defense appropriations bills.
9 Senate-Passed 2024 NDAA set to Raise DoD Set-Aside Sole-Source Contract Threshold Limits. A post from 2022 that is becoming very popular. 6 FAR Final Rule: Increased Micro-Purchase and Simplified Acquisition Thresholds. Unfortunately, this increase did not make it into the final text of the NDAA. Perhaps in next year’s NDAA.
The technology’s potential to enhance the precision of economic forecasts, optimize budget allocations, and streamline tax administration is immense. 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.
Public contracts matter, he says: “The government allocates 32% of the country’s budget towards goods, services, and public works, to secure the rights and enhance the quality of life for citizens. By 2022, DGCP launched its data and monitoring system “Sistema Integral de Monitoreo y Análisis de Datos” publicly.
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]
On August 23, 2023, the White House’s Office of Management and Budget (“OMB”) issued its notification of final guidance implementing Title IX of the Infrastructure Investment and Jobs Act (“IIJA”) – the Build America, Buy America (“BABA”) Act. The same process will not apply to BABA.
OMB Launches Acquisition Data Strategy The Office of Management and Budget (OMB) issued a circular on May 30 entitled “Strategic Management of Acquisition Data and Information.” 1 Simplified Acquisition Threshold: The bill would raise the simplified acquisition threshold (SAT) from $250,000 to $500,000.
Attendees will gain insights into a range of timely topics, including the next steps for procurement policy and the Federal Acquisition Regulation (FAR), the evolving budget and market landscape, and advancements in artificial intelligence (AI), cybersecurity, and cloud technologies. SIZ-618, 2022 WL 17423607. The CMMC 2.0
SIZ-6139 (2022). [8] Contractors must implement Internet Protocol Version 6 (IPv6) as described by the Office of Management and Budget. The interim rule applies to all contracts, including those for commercial products and services and below the Simplified Acquisition Threshold. 11] [1] 13 CFR 121.404(a). [2] 18, 2023. [7]
trillion dollars in fiscal year 2022 which amounted to approximately 25% of total gross domestic product. However, the Office of Management and Budget recently advised the U.S. federal government shutdown can have serious consequences because of the size of federal spending and its impact on the U.S. government spent $6.27
GAO found that DoD reviewed an average of only 40 M&A transactions per year from FY 2018-2022, while it was estimated that approximately 400 such transactions occur annually. The Act also requires agencies to account for any existing inventory of unmanned aircraft manufactured or assembled by covered foreign entities.
OMB Guidance On August 14, the White House’s Office of Management and Budget (OMB) issued final guidance that will serve as an aid for the heads of federal agencies to implement domestic preference requirements as required by the Build America Buy America Act (BABA). We explore three new updates below.
Attendees will gain insights into policy shifts, the budget outlook, and the overall procurement state of play in 2025 and beyond. The PACT Act, enacted in August 2022, has increased VA healthcare enrollment by about 33 percent, with 740,000 veterans joining since its passage. The CMMC 2.0
Under the ACCESS Act, the Office of Management and Budget would be instructed to issue guidance for agencies to implement the bill within 180 days of its enactment. In 2022, the Office of Personnel Management issued Skill-Based Hiring Guidance implementing the EO for agencies to further advance innovation in Federal hiring.
The unfinished requirements include developing a list of common categories of “critical software” and incorporating cost analysis of the EO’s requirements into the budgeting process. Entities that meet certain threshold criteria – regardless of size – are covered by the rule. What needs to be reported?
As for the 2017 transposition I do not have much to say, but I did say a lot about what was happening below-thresholds. The paediatric ward for Sao Joao Hospital The Budget Law for 2019 included a rule allowing for the direct award of the public works contract to build a new paediatric ward for the second largest hospital in the country.
The proposed rule is the latest in a number of steps the Biden Administration has taken to address discriminatory pay practices in federal procurement and contracting since announcing an Executive Order on Advancing Economy, Efficiency, and Effectiveness in Federal Contracting by Promoting Pay Equity and Transparency in March 2022.
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.
OMB Aims to Increase Small Disadvantaged Business Spending in FY24 On October 25, the Office of Management and Budget (OMB) released a memo informing agencies of Federal goals to award 13 percent of Federal procurement dollars to small disadvantaged businesses (SDBs) in fiscal year (FY) 2024.
“This guidance takes an important step in ensuring our diverse base of small businesses have opportunities in a greater diversity of acquisition strategies,” said Small Business Administration Administrator Isabel Casillas Guzman in a blog posted by the Office of Management and Budget today. “By billion increase over 2022.
1] Special Supplemental Benefits for the Chronically Ill (SSBCI) The Balanced Budget Act of 2018 introduced new authorities concerning supplemental benefits that may be offered to chronically ill enrollees in MA plans. Please refer to our January 5, 2023 , November 4, 2022 and May 16, 2022 blog posts for more information.
GAO asked that the Offices of Management and Budget, Science and Technology Policy, and Personnel Management implement AI requirements with governmentwide implications. 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 8] OHA denied the appeal.
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. Comments on the proposed rule are due byMarch 17, 2025.
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%
One of its provisions includes the creation of a new senior official within the Office of Management and Budget (OMB) to serve as the Federal Government Service Delivery Lead. ” This proposed rule implements a statutory requirement to adjust acquisition related thresholds every five years to account for inflation.
billion in spending, falling just below the mandated budget cap set by the Fiscal Responsibility Act (FRA). Many of these CIO-SP4 protests, which began in 2022, pertain to the self-scoring mechanism for past performance and experience. The Government Accountability Office (GAO) ruled that NITAAC must certify the scores.
For example, the Office of Management and Budget (OMB) is launching a centralized data management strategy for the sharing of acquisition data across the Federal Government. Contractors must implement Internet Protocol Version 6 (IPv6) as described by the Office of Management and Budget. There is a separate open FAR case (No.
The announcement provided the following list of key focus areas for the effort: Allowing MAS contracts that do not meet the sales thresholds in FSS Clause I-FSS-639, Contract Sales Criteria, to expire. Agency heads were directed to provide a compliance plan to the Office of Management and Budget within 90 days. Effective Jan.
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