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IDB staff calculations based on The Conference Board’s Total Economy Database (TED). (*) Data for 2022 is estimated and for 2023 is projected. This means that there is a tipping point, or threshold, at which higher debt levels become detrimental to growth. For LAC countries, this threshold is at approximately 53 percent of GDP.
Inflation has been a source of great frustration for federal contractors since the pandemic began and the supplychain was disrupted. Small Business Administration, Small Business Size Standards: Adjustment of Monetary-Based Size Standards, Disadvantage Thresholds, and 8(a) Eligibility Thresholds for Inflation, [link] (Nov.
Inflation has been a source of great frustration for federal contractors since the pandemic began and the supplychain was disrupted. Small Business Administration, Small Business Size Standards: Adjustment of Monetary-Based Size Standards, Disadvantage Thresholds, and 8(a) Eligibility Thresholds for Inflation, [link] (Nov.
In 2022, the arbitral tribunal ruled that GBO’s termination was unjustified and ordered compensation to CAI. In 2022, judicial scrutiny has been greatly heightened by Belokon v. This has been the case in Germany ( KZB 75/21 , 2022), Sweden ( GE v. Onix or Indagro ) to be set aside. Natura Furniture , 2021), Belgium ( SNF v.
Adolf PETER, Climate Change and SupplyChain Arbitrations: Impact of EU Law on the BRI and Non-EU Entities The article explores the implementation and enforcement of corporate climate policies along international supplychains by means of contractual cascading and international commercial arbitration.
Another potential change is an increase to the tariff-rate quota threshold. gigawatts “to ensure domestic module manufacturing continues to grow while manufacturers scale production throughout the supplychain.” Trade Representative (“USTR”), which began in 2022.
In government contracting, if a contract value exceeds a certain dollar threshold and an international trade agreement governing procurement is applicable, the BAA domestic preferences will be waived in favor of permitting acquisition of TAA-compliant products. The same process will not apply to BABA.
SIZ-6139 (2022). [8] The interim rule applies to all contracts, including those for commercial products and services and below the Simplified Acquisition Threshold. 8] The change was not discussed in the preamble to the proposed or final rule. [9] 11] [1] 13 CFR 121.404(a). [2] 2] 13 CFR 121.404(a)(3). [3] 4] 13 CFR 121.404(g)(2)(i).
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 provision also limits non-availability waivers to 36 months.
Companies should make sure they have the appropriate investment of resources for compliance, which likely will require a cross-section of corporate engagement, including information security, legal, compliance, supplychain and business operation stakeholders. SIZ-6139 (2022). [8] 11] [1] 13 CFR 121.404(a). [2] 18, 2023. [7]
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.
trillion dollars in fiscal year 2022 which amounted to approximately 25% of total gross domestic product. FLSA exemption issues can arise when unpaid furlough periods reduce the compensation level of exempt employees below the threshold required for them to maintain their exempt status under federal, state, or local law.
While the threshold for reporting under CISA’s rule is higher than, for example, under the Department of Defense’s (“DoD’s”) cyber incident reporting rule (which requires reporting of incidents involving activities that “may have” occurred), this is a welcome acknowledgement of the practicalities of cyber incident detection and response.
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.
We remain committed to this mission at the upcoming Spring Training Conference, ensuring that attendees leave with comprehensive updates on acquisition policies, programs, and initiatives in subjects like artificial intelligence (AI), cybersecurity, the medical supplychain, and much more. We look forward to seeing you in May!
She added that some of the increase can be attributed to the CHIPS and Science Act, which was signed into law in August 2022 and provides $52 billion to support the domestic production of semiconductors. Suggested thresholds in the ANPRM range from data sets on 100 U.S. government is pouring into sectors across the country is going.”
This ruling follows the Court’s August 2022 decision in Hydraulics Int’l (discussed in a previous Legal Update ) finding jurisdiction over a prototype OT competition when a follow-on production contract was contemplated. The proposed changes to the DFARS are primarily to: Add references to the CMMC 2.0
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]
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.
GSA Requesting Feedback on Draft SupplyChain Risk Management Questionnaire The General Services Administration’s (GSA) Office of Information Technology Category has developed a supplier assurance questionnaire to gather information regarding cybersecurity supplychain risk management (C-SCRM).
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%
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.
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.
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.
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.
Finally, there is no minimum production (or import) threshold that triggers reporting and no “de minimis” level of PFAS content below which reporting is not required. 14057 issued by the White House Council on Environmental Quality (“CEQ”) in August 2022, the provisions of Section 208 within E.O.
Based on a statutory requirement in the 2022 FedRAMP Authorization Act , which codified the program as the government’s approach to commercial cloud, FedRAMP will also have to establish automated security assessments and reviews by December 23 of this year. Per the memo, in FY22, Federal agencies awarded SDBs a record-breaking $69.9
In fiscal 2022, the administration says small businesses received nearly $163 billion in federal contracts, of which a record of nearly $70 billion went to small disadvantaged businesses (SDBs). billion increase over 2022. The explanation should be reviewed by the agency small business specialist.” The company says almost 55.8%
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. The public has until January 28, 2025, to submit comments.
The AI Executive Order follows the administration’s earlier Blueprint for an AI Bill of Rights , which was published in September 2022, as well as other developments in the administration’s cybersecurity efforts more broadly, such as the Cyber EO and U.S. Department of Homeland Security (“DHS”). National Cybersecurity Strategy.
GSA, in compliance with the FedRAMP Authorization Act of 2022, established the committee to advise GSA, the FedRAMP Board, and other agencies on the secure adaptation of cloud computing products and services. The public has until January 28, 2025, to submit comments.
Many of these CIO-SP4 protests, which began in 2022, pertain to the self-scoring mechanism for past performance and experience. As CISA has noted , [an SBOM] has emerged as a key building block in software security and software supplychain risk management. In February 2024, several protests moved to the U.S.
This compliance headache is shared by procuring Agencies, prime contractors, subcontractors, and supplychain vendors, among others. By June 30, 2022 , U.S. But first, we lay out the key administrative milestones that cumulatively have resulted in this most recent compliance headache (a.k.a. the “Vaccine Mandate”).
Day Two – Healthcare Focus November 16, the healthcare focused day, will begin with keynote remarks from the Department of Veterans Affairs’ (VA) Chief Acquisition Officer Michael Parrish on “Modernizing the VA SupplyChain in 2024 and Beyond.” To view the slides from the November 6 meeting, click here.
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