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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.
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.
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.
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?
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.
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!
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.
I had the honour of being invited to contribute to a future publication to celebrate the EFTA Court’s 30th Anniversary in 2024. I was asked to revisit the Fosen-Linjen Saga on the EFTA Court’s interpretation of the threshold for liability in damages arising from breaches of EU/EEA procurement law.
For the former, the information below can serve as a refresher on the basics of economic disadvantage–but also, a source for SBA’s most recent economic disadvantage thresholds (as of 2024, as these are updated periodically for inflation ). What are SBA’s current economic disadvantage thresholds ?
So the federal government spends more than $1 trillion a year in grants and other federal financial assistance. And government contractors will sometimes participate in the federal grant space, either as contractors or as recipients or sub recipients. Let’s talk about maybe the threshold for what gets audited.
124.506 , if an 8(a) contract price would exceed a certain threshold ($7 million for manufacturing contracts, $4.5 1, 2024) , the SEC (the federal one, not the football one), had a two-step acquisition plan for data management services. Looking for the latest government contracting legal news? Under 13 C.F.R. B-422187 (Feb.
Around the world, governments are embracing “green procurement” – environmentally sustainable strategies to reduce global greenhouse gas emissions and other forms of pollution. Contractor ¶ 60 (Thomson Reuters, 2024). Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.
The requirement to pay “prevailing wages” to covered workers is a perennial aspect of many types of government contracting, including construction contracts subject to the Davis-Bacon Act (“DBA”) and certain related laws (collectively referred to as the Davis-Bacon and Related Acts or “DBRA”).
We get a lot of questions about federal government contracting as federal government contracting attorneys, which makes sense. This is also unsurprising, as the government really did not do the best job in making it clear what this act does. Looking for the latest government contracting legal news? call 785-200-8919.
During the session, they will explore the complexities of cybersecurity regulations, focusing on the implications for both government and industry. Attendees will have the chance to connect with government officials and industry peers to share best practices, collaborate, and discuss the latest developments in cybersecurity.
Acquisition is an eternal function to keep the government running. I’m actually very excited that I will continue to serve the federal government. But also it’s going to be an opportunity for me to continue to work with government agencies to help with their digital modernization. It is also constantly changing.
January 2024 - Revised thresholds for new procurements come into effect. Early 2024 - Publication of secondary legislation and response to the consultation process on the secondary legislation. October 2024 - The new Act is expected to come into force after a 6 month 'go live' notice period.
Join Our Sponsor Lineup for the 2024 Fall Training Conference! The Coalition for Government Procurement is pleased to announce that multiple sponsorship packages are available for the 2024 Fall Training Conference – 2025 Market Outlook: What’s Next? Authored by Eric S. Crusius , Holland & Knight The U.S.
However, on June 14, 2024, the House of Representatives approved language for the upcoming 2025 National Defense Authorization Act that would change things if it becomes law. On top of this, it also would allow DoD contracting officers to sole source contracts to VOSBs if the contracts are below certain dollar thresholds.
Announcing the 2024 Fall Training Conference: “ 2025 Federal Market: What’s Next? “ The Coalition for Government Procurement is pleased to announce that registration is officially open for the 2024 Fall Training Conference on November 20-21 at the Fairview Park Marriott in Falls Church, VA!
How domestic courts approach challenges to arbitration awards is of increasing importance as foreign parties often decide to seat an arbitration in a jurisdiction that they believe will provide the greatest stability to governing the arbitration process.
The Coalition is thrilled to unveil the agenda for the governmentwide day of our 2024 Fall Training Conference – The 2025 Federal Market: What’s Next? ! Government and industry experts will explore cutting-edge advancements in AI, cloud, and cybersecurity, as well as challenges and best practices in these critical areas.
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! To register, click here.
In January 2024, the Government Accountability Office (“GAO”) published 31 bid protest decisions, two of which resulted in decisions sustaining the protesters’ challenges. 22, 2024. [2] There were also two requests for costs, one of which was denied, and one request for consideration, which was, unsurprisingly, denied.
While that new structure comes into place, Derrios also is giving State’s acquisition workforce new tools and creating new governance bodies to help reduce time to contract award. The threshold [for review] is $250 million and over. We can approach industry in a means where we can leverage our buying power.” So it’s pretty high.
Become a Sponsor of the 2024 Spring Training Conference! We would like to thank our current sponsors: 2024 Spring Training Conference, May 8-9 To view the 2024 Sponsorship Prospectus, click here. The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. Authored by Howard W.
Government treasury bills (“T-bills”) becomes higher than the interest rate on 10-year U.S. Government treasury notes. [6] 22] Plainly, approximately (22) months after October 2022 is on or about August to September 2024. could enter a recession by the late summer to early fall of 2024. treasuries. In the U.S.,
In particular, the highly commercial nature of cloud services is pushing up against government-unique requirements, bringing the ASCEND BPA to a “fork in the road.” Or will the BPA continue to “descend” into an overly complex acquisition strategy that incorporates layers of government-unique requirements? Join Us for the 2024 Joseph P.
While we have already posted some updates from 2024, it’s a good time to reflect on the important posts from 2023. This post can tell you all the basics about debriefings, a crucial part of the complicated world of bidding on government contracts. 6 FAR Final Rule: Increased Micro-Purchase and Simplified Acquisition Thresholds.
The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. 6936, the Federal Artificial Intelligence Risk Management Act of 2024, was introduced in the House earlier this month by Representatives Ted Lieu (D-CA-36), Zachary Nunn (R-IA-3), Donald Beyer (D-VA-08), and Marcus Molinaro (R-NY-19).
This applies to all above-threshold procurements. You are able to use the new Selection Questionnaire (SQ) straight away but the deadline to implement it into tenders is 27 June 2024. In addition, there are updated questions relating to construction contracts and central government procurement.
Comments are due no later than August 19, 2024. And, for contractors who do currently have CAS-covered contracts, this question is critical for quantifying cost impacts when making cost accounting practice changes and when the government alleges or asserts a claim for a CAS noncompliance. The full text of the notice is available here.
On April 22, 2024, the Office of Management and Budget (OMB) issued a Final Rule significantly revising the Uniform Guidance for grants, cooperative agreements, and other federal financial assistance. Agencies must implement the Final Rule by October 1, 2024; however, agencies may apply it to federal awards as early as June 21, 2024.
This applies to all above-threshold procurements. You are able to use the new Selection Questionnaire (SQ) straight away but the deadline to implement it into tenders is 27 June 2024. In addition, there are updated questions relating to construction contracts and central government procurement.
Federal Circuit Opens the Door for Software Companies Selling Through Resellers to Bring a Contract Claim Against the Federal Government The Legal Corner provides the procurement community with an opportunity to share insights and comments on relevant legal issues of the day. agreements between a prime contractor and the Federal Government).
The National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 , signed into law on December 22, 2023, makes numerous changes to acquisition policy. Crowell & Moring’s Government Contracts Group discusses the most consequential changes for government contractors here.
We would like to thank our current sponsors: 2024 Spring Training Conference, May 8-9 To view the 2024 Sponsorship Prospectus, click here. The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. agreements between a prime contractor and the Federal Government). Carahsoft”).
2024), 2024 WL 201890, the Court of Federal Claims (COFC) addressed whether government disclosure of a company’s trade secrets and commercial information could create a viable claim for a taking under the Fifth Amendment or for breach of an implied-in-fact contract. appeared first on Government Contracts Legal Forum.
The fifth edition of the Bucharest Arbitration Days (“BArD”) took place on 6 and 7 June 2024. Ziyaeva discussed the UK’s use of anti-suit injunctions to enforce arbitration agreements, highlighting the UK Supreme Court’s April 2024 decision in Unicredit v. The general consensus? Mission accomplished.
On March 7, 2024, Deputy Attorney General (DAG) Lisa Monaco delivered remarks at the American Bar Association’s 39th National Institute on White Collar Crime announcing a new Department of Justice (DOJ) pilot program that incentivizes whistleblowers to report corporate misconduct by offering monetary rewards. View the full article
However, the English High Court (the “Court”) has departed from this default position in its recent ruling in General Dynamics United Kingdom v The State of Libya [2024] EWHC 472 (Comm) (“General Dynamics”). In this post, we dissect the Court’s decision in General Dynamics and reflect on its principal takeaways.
The COVID-19 pandemic underscored the critical role of flexibility in fiscal governance. While triggers and conditions regarding the escape clauses are generally straightforward, there is room for improvement in framing activation around events beyond government control.
So we have long anticipated a rule here from the Department of Defense in response to a section, specifically Section 812 of the fiscal year 2024 National Defense Authorization Act. I will say the threshold for getting the waiver is pretty high. In addition, this does apply for contracts below the simplified acquisition threshold.
Interested parties, including businesses outside the UK and trade and professional bodies, can share their views until 13 June 2024 on the proposal set out by the UK government for the design and administration of the mechanism.
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