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As the Acquisition World Turns: OFPP turns heat up on primes

Federal News Network

Source: GAO Bid Protest Report to Congress for Fiscal 2024. Of the protests resolved on the merits during fiscal year 2024, our Office sustained 16 percent of those protests. In 2024, GAO heard 346 protests, which is down from 368 in 2023. In 2023, GAO received more than 350 protests alone over CIO-SP4. When the U.S.-based

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The GAFTA Default Clause and the Scope of Arbitration Appeals

Kluwer Arbitration

In the case of Sharp Corp Ltd v Viterra BV (formerly known as Glencore Agriculture BV [2024] UKSC 14 , the UK Supreme Court has decided the proper measure of damages under the Grain and Feed Trade Association (“Gafta”) default clause and reaffirmed the interpretation of section 69 of the Arbitration Act 1996 (“AA 1996”).

Buyers 52
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Government Contracts Inflation Update

Procurement Notes

68] Moreover, CBO projects that “[n]et outlays for [national debt] interest [to] nearly double over the period in CBO’s projections, rising from $739 billion in 2024 to $1.4 69] Yet, CBO based that projection on, from 2024 to 2033, T-bill rates averaging from 2.2 trillion. [60] 60] The U.S. 2022 GDP was only $26.15 trillion. [61]