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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. For below threshold contracts , Contracts Finder will still be active. Can contracting authorities still direct award?
It also lowered the approval threshold for EPA increase requests and allowed for the removal and re-addition of contract items at higher, renegotiated prices. GSA published its EPA proposed rule, GSAR Case 2020-G510, Federal Supply Schedule Economic Price Adjustment , on November 16, 2023.
The September 2023 Cost Corner concluded a three-part series on TINA. The Cost Principles also apply to the determination, negotiation, and allowance of costs whenever required by a contract clause. [6] Documenting the negotiation process and rationale are critical for such transactions. Limitations in FAR Subpart 31.2
1444 of 2022 of 6 July 2023, which underlined the importance of respecting party autonomy in upholding arbitration agreements. It explained that in typical contract negotiations, once the parties’ proposed terms are accepted, a binding contract is formed. Dubai CoC Case No.
In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions.
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]
Considerations for the Private Sector The Framework, which was issued in January 2023, provides a set of voluntary best practices to the private sector for the development and use of artificial intelligence systems. Agencies are directed to focus attention on maximizing small business participation below the simplified acquisition threshold.
Introducing the FY23 Federal Market Report As part of The Coalition for Government Procurement’s continuing effort to provide value to our members, we would like to present our Fiscal Year 2023 Federal Market Report. Thanks to the outstanding generosity of our sponsors and members, we raised $11,000 for this wonderful cause in 2023.
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 Change to Size Protest Triggers in 13 C.F.R. 121.103(h)(3)). United States , 165 Fed.
The standard for reasonableness depends on whether the compensation is paid in accordance with an “arm’s length” labor-management agreement negotiated pursuant to the Federal Labor Relations Act or similar state statutes. [9] Manos, Government Contract Cost & Pricing § 13:3 (2023). [24] DCAA, DCAM ¶ 6-413.1.c. NASABCA No.
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. During a government shutdown, many government contractors implement unpaid furloughs of employees.
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.”
On September 20, 2023, the Army awarded the follow-on production contract to Taylor Defense Products, LLC. The first group of negotiated prices are for 10 Medicare Part D drugs that treat a variety of conditions including cardiovascular disease, diabetes, autoimmune diseases and cancer. The new prices will be effective Jan 1, 2026.
On the first day of the 2023 Seoul ADR Festival , Secretariat Advisors hosted a double feature of panels relating to arbitration costs. Managing the Costs of Experts in Arbitration The second panel first addressed the issue of whether there is a threshold of damages that warrants retaining an expert witness.
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. a negotiation period, time limitations, or excluded disputes).
The comment period for both rules is currently open and is scheduled to close on December 4, 2023. 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. There is a lot to unpack in the proposed rules.
One such meeting, scheduled to take place on 25-26 September 2023 (“ September meeting “), will consider the interaction between trade and state intervention in the economy. But the EU’s submission and the September meeting are no more than stepping stones to initiate negotiations at MC13.
The deadline to avoid a government shutdown is September 30, although Friday, September 27 is seen as the target date for lawmakers to finalize negotiations before returning to their home districts to campaign until the election. 26, 2023, and the U.S. Another option is a clean CR through December 2024. The CMMC 2.0
Such framing sets a higher threshold for establishing a violation of FET. As of March 2023, 155 treaties limit FET to the minimum standard of treatment under customary international law. In 2019, the African Continental Free Trade Area Agreement (“AfCFTA”), negotiated under the auspice of the AU, entered into force.
This “internal” guidance outlines a host of evaluation and negotiation directives, standards, and considerations for FSS contracting officers. The PAP includes other directives and guidance that raise questions regarding equity and balance in the evaluation and negotiation of FSS pricing terms. By Susan B.
As calendar year 2023 ends, the Coalition is looking ahead to 2024 and the policies, programs, and initiatives that will shape the federal procurement system and the delivery of customer agency mission support. The Coalition for Government Procurement would like to thank our members for making the 2023 holiday party an unforgettable occasion!
18] On this point, it is important to remember that the dollar thresholds for the SCA (in excess of $2,500), [19] the DBA (in excess of $2,000), [20] and the Order-imposed threshold for the FLSA (presently in excess of $10,000) [21] do not apply at the subcontract level. [22] Additionally, DoL has previously made this warning.
With spending against governmentwide acquisition contracts reaching an all-time high in fiscal 2023, the Office of Federal Procurement Policy is pushing agencies to make changes to ensure a healthy amount of small business participate on these vehicles. The company says almost 55.8% billion and $10.5 billion, respectively. “In
the first KAB post on ISDS reform in the year, explored the feasibility of negotiating a multilateral investment treaty in todays global landscape, exploring both the opportunities and challenges involved. Multilateral Instrument on ISDS Reform 2024 also marked the drafting of a multilateral instrument on ISDS reform. 9/WG.III/WP.246),
Facts In 2015, DJO was negotiating various contracts for the operation of a network of railway lines in India. To be clear, the authors take no firm view on whether the arbitrators conduct in DJO reaches this threshold of severe conduct warranting the disclosure of his name.
Development of the platform began in September 2023. The EHR rollout was previously paused in April of 2023 to address challenges for veterans and clinicians in utilizing the system. The training will provide lessons on innovative acquisition and field procedures and negotiation skills.
Congress Releases Compromise $895 Billion FY25 NDAA Meritalk reports that the House of Representatives and Senate published their final negotiated version of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2025. million veterans eligible for VA care in 2023 received private care funded by the VA.
The four priorities of the BCI include: Leveraging Data Across Federal Agencies to Get Lower Prices and Better Terms; Negotiating Common Enterprise-Wide Software Licenses; Saving Money and Avoiding Waste by Getting Contract Requirements Right the First Time; and Getting Better Value from Sole Source and Other High-Risk Contracts.
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