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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.
New Rule for Filing 1099s: The IRS rule TFA 23O1 reduces the electronic filing requirement from a threshold of 250 Information Returns down to 10. Employers must calculate the total number of Information Returns to determine if they meet the threshold, including 1099s, W-2s, 1098s, etc. Yes, you read that correctly.
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.
The housing was not structurally accessible because of failures like slopes that were too steep, counters that were too high, and thresholds that did not permit wheelchair access,” the government further alleges. In this case, the whistleblower’s share has not yet been determined. The bill is widely supported by whistleblower advocates.
Since the beginning of Fiscal Year 2024, the Government Accountability Office has published 35 decisions, but only two of which resulted in decisions sustaining the challenge. To meet this threshold, a protester must demonstrate that, but for the agency’s actions, it would have had a substantial chance of receiving the award.
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. of unused PPE items had expired and by 2023 3bn items of PPE had been disposed of. In early 2022 1.5b
The implementation of EHR was later suspended in 2023 as part of a reset, and the department noted that it was working toward holding Oracle Cerner accountable for delivering high-quality services. The post Congress presses VA on modernization overhaul, supply chain system upgrade appeared first on FedScoop.
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. While its hard to know exactly what Congress is referring to, it could mean professional standards such as those established by industry groups including public accounting rules.
In June 2023, StateRAMP updated their security baselines to align with 800-53 revision 5 (R5). A conformance pack is a collection of AWS Config rules and remediation actions that can be deployed as a single entity in an account and an AWS Region or across an organization in AWS Organizations.
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.
The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. The basic mandatory information (contact details, exclusion grounds, connected persons, audited accounts) will be captured using the Supplier Information System.
The issue, simmering since the IG issued its report on the purchases in January, came to a head during a hearing on Thursday before the House Oversight and Accountability subcommittee on cybersecurity, information technology and government innovation committee. “As Deputy IG Robert Erickson Jr. But Erickson Jr.
However, the big announcement in 2021 was that the introduction of a new procurement regime is unlikely to come into effect until 2023. PPN 10/21 Procurement Thresholds and VAT The procurement thresholds are reviewed every two years, and new procurement thresholds apply as from 1 January 2022.
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. Growing Concerns According to a November 2023 report by the U.S. 4148 ) This bill was introduced on June 15, 2023, by Sens. 2004 and H.R.
29, 2023 with a minimum viable capability release (MVCR) providing automated contract writing and the ability process requirements from inception to award, while incorporating flexibility to interface with other electronic systems,” Rodriguez said. million in 2023 and requested $6.5 ePS went live on Sept. The service received $5.9
On 26 April 2024, the Swiss Federal Supreme Court (“SFSC ” ) rendered decision 4A_486/2023 , upholding the unpublished Final Award in Clorox Spain S.L. The SFSC held that under these circumstances, it did not need to take the alleged facts into account (para. decision 4A_486/2023 , para. Venezuela ”) (PCA Case No.
The September 2023 Cost Corner concluded a three-part series on TINA. Standards promulgated by the CAS [Cost Accounting Standards] Board, if applicable, generally accepted accounting principles and practices appropriate to the circumstances. We now move on to the FAR Cost Principles, specifically FAR Subpart 31.2, Allocability.
In January 2024, the Government Accountability Office (“GAO”) published 31 bid protest decisions, two of which resulted in decisions sustaining the protesters’ challenges. 29, 2023. [4] 25, 2023. [5] 21, 2023. Below is a summary of the notable decisions from January and what potential protesters can learn from them.
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! 18, 2023. [7]
Instead, it tries to highlight the most significant changes and additions to the draft that has been public since 31 August 2023. Decisions regarding disclosure of the use of AI tools shall be made on a case-by-case basis taking account of the relevant circumstances, including due process and any applicable privilege.
The UK Government hosted an AI Safety Summit on 1-2 November 2023. This principle could be applied to the current generation of models, or applied when certain capability thresholds were met. There is also, of course, the (flagship?) This would create certain ‘gates’ that a model had to pass through before it could be deployed.
1] As manufacturers and sales distribution entities embrace AI and incorporate it into their products and services, they should account for and establish policies, procedures, and processes designed to limit personal injury and property damage (and the related exposure) caused by dangerous defects in products that incorporate AI.
The platform offers a variety of smart tools to improve the design and implementation of macro-fiscal policies, including the use of machine learning to identify risk thresholds, enabling early detection of potential macro-fiscal challenges. 5] Reyes-Tagle et-al 2023. 2] PwC’s Global Artificial Intelligence Study: Sizing the prize.
27] “He noted that in early 2023 this model suggested only a 12% chance of a recession[.]” [28] Other Negative Indicators On top of the foregoing, some negative indicators are sprouting. For consumers, “[c]redit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 billion from $11.2 billion.” [37]
Comments on the proposed rule will be accepted until February 26, 2023. 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. 5] 13 CFR 121.404(g)(2)(iii) (January 2023). [6]
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.
On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue. 2] In a recent size protest, quotes were submitted on August 31, 2023. An unsuccessful offeror filed a size protest, alleging that the prospective awardee had received significant contract awards from 2019 through 2023.
The previous four Cost Corner articles addressed the Cost Principles pertaining to the general criteria for determining the allowability of costs, direct and indirect costs, accounting for unallowable costs, and penalties for unallowable costs. Manos, Government Contract Cost & Pricing § 13:3 (2023). [24] DCAA, DCAM ¶ 6-413.1.c.
The 2023 GAO decision in Washington Business Dynamics, LLC , B-421953, B-421953.2 (Dec. 18, 2023), in which GAO extended the FSS exception to apply to size recertifications for orders placed under other MACs. 745 (2023). SBA’s Proposed Roll-out of New 13 C.F.R. SBA’s Proposed Change to Size Protest Triggers in 13 C.F.R.
Contractors considering protest should note that the Government Accountability Office (“GAO”) will be closed during the shutdown. While agencies are unlikely to issue new solicitations or award new contracts during the shutdown, contractors may still have timely protest issues at the start of the shutdown period.
On October 17, 2023, the U.S. Government Accountability Office (“GAO”) published a report on mergers and acquisitions (“M&A”) in the defense industrial base. 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.
FHWA sought comments on its longstanding manufactured products waiver in March 2023 and received over 9,400 comments from the public. FHWA proposes that the domestic iron and steel in those manufactured products would count towards the 55% domestic component threshold.
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. 26, 2023, and the U.S. The CMMC 2.0
26, 2023, and the U.S. Further, confirming the broad applicability of CMMC, DOD confirmed that these requirements will be applicable to contracts below the Simplified Acquisition Threshold (which currently sits at $250,000). There were several updates made since the second draft of the RFP was published in December 2023.
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. 26, 2023, and the U.S. The CMMC 2.0
This keeps the process fair and accountable. OJEU (Official Journal Of the European Union) Before Brexit, public contracts above certain thresholds had to be published in OJEU, ensuring fair competition across the EU. P-R Procurement Act 2023 The Procurement Act 2023 is the UKs new law replacing older public procurement rules.
The CRA requires agencies to submit "major" rules to Congress and the Government Accountability Office for review and approval. One change in the guidance reflects the April 2023 executive order that raises the monetary impact threshold to $200 million from $100 million.
In a recent 2023 survey (“‘Fair’ and ‘Equitable’ Treatment Provisions in Investment Treaties; A Large-Sample Survey of Treaty Provisions”) the OECD found 51 of these treaties (covering a total of 136 bilateral relationships). 128) and that the conduct of the Respondent was arbitrary, using a high threshold (paras. 420-23).
The final rule saw several changes from its proposed form, including two particularly relevant to the concerns that Coalition members expressed in our comments : The rule specifies that the October 2023 Recommendations on Specifications, Standards and Ecolabels from the EPA control what is considered a sustainable product or service.
On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue. 2] In a recent size protest, quotes were submitted on August 31, 2023. An unsuccessful offeror filed a size protest, alleging that the prospective awardee had received significant contract awards from 2019 through 2023.
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. The NDAA was signed into law on December 22, 2023.
The National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 , signed into law on December 22, 2023, makes numerous changes to acquisition policy. Cost Accounting Section 802 amends 10 U.S.C. DODIG–2023–041).
The 2020 data strategy stressed that Public procurement data are essential to improve transparency and accountability of public spending, fighting corruption and improving spending quality. The procurement data governance framework is now planned to be developed in the second half of 2023.
Inflation is generally down from 2021, but is still high in too many places, and is expected to persist in 2023. Altogether, “[u]nless supply disruptions and labor-market pressures subside[ ], the global core inflation rate, excluding energy, could stay at about 5% in 2023, nearly double the five-year average before the pandemic.”
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