Remove 2024 Remove Government Remove Thresholds
article thumbnail

Proposed Increases to Micro-Purchase, Simplified Acquisition, and Other Thresholds

SmallGovCon

Every five years, the government is required by 41 U.S.C. 1908 to adjust the statutory acquisition thresholds for inflation, such as the Micro-Purchase Threshold, Simplified Acquisition Threshold, and others. Here are some of the proposed new thresholds for the FAR. million to $9.5 FAR 19.502-2.

article thumbnail

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

Federal News Network

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. The Government Accountability Office’s annual report to Congress on the state of bid protests always is fascinating.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The SBA doubles down on the Rule of Two

Federal News Network

In fact, it was made government-wide when the law was introduced in 1984. Dan Ramish: That’s a huge portion of government contracting overall, depending on which agency, 30 to 50% of procurement dollars flow through indefinite delivery vehicles. So it’s a huge part of government contracting. Tom Temin: OK.

article thumbnail

Tuesday Tracker 10/29/2024

The Coalition for Government Procurement

Squandering its Lead Last Thursday, the White House published a national security memo on artificial intelligence (AI) that establishes a roadmap for streamlining the acquisition of AIand defines new governance practices for Federal agencies, reports Fedscoop. Congressional Update Lawmaking Lows?

article thumbnail

Even Rules have their Limits, Says SBA OHA about the Nonmanufacturer Rule

SmallGovCon

OHA reminded contractors that the nonmanufacturer rule applies only to acquisitions over the simplified acquisition threshold. 8, 2024) focuses on when the nonmanufacturer rule does not apply. Generally, the micro-purchase threshold is $10,000, and the simplified acquisition threshold is $250,000. SIZ-6276 (Apr.

article thumbnail

SmallGovCon Week in Review: December 25-29, 2023

SmallGovCon

We will continue to work hard to provide helpful federal contracting news and updates in 2024 and we truly appreciate your continued support and feedback. Here at SmallGovCon, we would like to thank all of our blog readers for a wonderful year. Happy new year!

article thumbnail

Are You Filing 2023 1099s? You Will Need a Transmitter Control Code (TCC).

Redstone Government Consulting

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. If you file more than 10 Information Returns after January 1, 2024, you are now required to submit those forms electronically. Yes, you read that correctly.