This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
1908 to adjust the statutory acquisition thresholds for inflation, such as the Micro-Purchase Threshold, Simplified Acquisition Threshold, and others. As such, the government is once again looking to increase these thresholds in light of the inflation that has occurred over the past five years. million to $9.5
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. Source: GAO Bid Protest Report to Congress for Fiscal 2024. In 2024, GAO heard 346 protests, which is down from 368 in 2023.
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.
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!
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 ?
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. Under 13 C.F.R. million for others), in most cases, the agency must compete the set-aside.
Tom Temin Sure, and there are also some updated thresholds for what gets audited, what gets investigated by the government, and also for some of the provisions for equipment and ancillary costs associated with a grant. Let’s talk about maybe the threshold for what gets audited. What are some of the top ones there? Dan Ramish Yes.
Changes to Prevailing Wage Rate Calculations Previously, DOL set a rate as the “prevailing wage” within a county when a threshold of 50 percent or more of applicable workers voluntarily reported that they were paid that rate. Briefing on a pending motion for summary judgment in the ABCSETX case is scheduled to close in mid-January 2024.
Now, the top eight executives in the top 30 have all cleared the 1,000 threshold! When we began this year’s iteration, no executive had ever amassed 1,000 points in the Wash100 popular vote contest. No matter where they ultimately land when voting closes in ONE WEEK, Booz
Dan Ramish: So if it goes into effect, the rule would require that agencies, when they’re placing an order under an existing IDIQ contract, it would be mandatory for the contracting officer to set aside an award of an order that’s over the micro-purchase threshold. And this is the latest way they’re trying to do that.
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. B-422171, Jan.
Tom Temin Yeah, GSA is certainly not the GSA of our fathers and grandfathers in terms of the contracting opportunities that offers and maybe you’re biased, but review what you think are some of the strengths that it brings towards headed into 2024. Sonny Hashmi Yeah, absolutely. We’ve made significant strides over the last year.
In Quaid-e-Azam Thermal Power (Private) Ltd v Sui Northern Gas Pipelines Limited [2024] EWHC 70 (Comm) , a challenge was brought under Section 68 and Section 33 of the English Arbitration Act 1996 (‘ the Act’ ) before Dame Clare Moulder DBE. of the GSA, were factually radically different to the issues in the QAPTL case.
It really just creates a preference for American products for procurements above the micro-purchase threshold (currently $10,000) that aren’t subject to the Trade Agreements Act (most supply contracts above $174,000 and most construction contracts above $6,708,000 for 2024-2025 are subject to the Trade Agreements Act), and, more importantly for many (..)
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. In a January 19, 2024 letter to U.S. It would maintain the $800 cap but apply lower thresholds with countries on the basis of reciprocity. Blumenauer.
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.
The threshold [for review] is $250 million and over. At that dollar threshold, we’re expecting program offices to have a more formalized plan and approach for program management. State will be putting more large-dollar projects through the ECRB in 2024, capture lessons learned and sharing them across the department.
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. Agencies are directed to focus attention on maximizing small business participation below the simplified acquisition threshold.
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). Comments are due March 18, 2024. Public comments are due to DoD on February 26, 2024.
While we have already posted some updates from 2024, it’s a good time to reflect on the important posts from 2023. 9 Senate-Passed 2024 NDAA set to Raise DoD Set-Aside Sole-Source Contract Threshold Limits. 6 FAR Final Rule: Increased Micro-Purchase and Simplified Acquisition Thresholds. Questions about this post?
Join Us for the 2024 Joseph P. We look forward to continuing this support, and meeting some new service dogs, at the 2024 tournament! 1 Simplified Acquisition Threshold: The bill would raise the simplified acquisition threshold (SAT) from $250,000 to $500,000. Secure Your Sponsorship Today!
In the last month, we have seen our first-ever contestant cross the threshold of 1,000 votes—Booz Allen Hamilton’s Judi Dotson. The story of the Wash100 Award popular vote contest this week remains the staggering vote count.
The FIT Procurement Act would increase the simplified acquisition threshold from $200,000 to $500,000 and raise the micro-purchase threshold from $10,000 to $25,000.
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.
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. A new Procurement Policy Note has been published which provides an updated Standard Selection Questionnaire.
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. A new Procurement Policy Note has been published which provides an updated Standard Selection Questionnaire.
Comments are due no later than August 19, 2024. The Cost Accounting Standards Board (CASB) recently announced that it seeks public comments on “whether and how” to amend the rules to clarify whether the CAS apply to indefinite value contract vehicles (or IDVs, otherwise known as indefinite-delivery / indefinite-quantity, or IDIQ, contracts).
Before 1 September 2024, imports valued at ZAR500 or less (c. Therefore, since 1 September 2024, all clothing imports irrespective of their customs value are subject to import VAT at the standard rate of 15% and with respect to consignments valued at ZAR500 or less, import VAT will apply in addition to the 20% flat rate.
The Procurement Act 2023 is due to go-live on 28 October 2024. We have set out the notices to consider at each stage of the procurement life cycle for different types of above threshold procurement. A key change in the new Procurement Act is the enhanced transparency regime. Click the image to download the file for future use.
On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue. The CBCA held the EULA between Avue and the Federal Government was not a “procurement contract” because the EULA did not obligate Avue to furnish any services, or obligate the Federal Government to pay Avue for any services furnished.
On 19 March 2024, as part of the 8 th edition of Paris Arbitration Week, the Comité Français de l’Arbitrage (CFA) organized a much-awaited and well-attended event on Arbitration, Sports Law and the Olympics, only a few months before the opening ceremony of the Olympic Games Paris 2024. This does not cover field of play matters (i.e.,
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.
We would like to thank our current sponsors: 2024 Spring Training Conference, May 8-9 To view the 2024 Sponsorship Prospectus, click here. On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue. SIZ-6261 (2024). [6] 2] 13 CFR 121.104(c)(1). [3] 3] 13 CFR 121.1009(c).
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.
Consilidation The Procurement Act 2023 will be a consolidation of: Public Contracts Regulations 2015 Concession Contracts Regulations 2016 Utilities Contracts Regulations 2016 Defence and Security Public Contracts Regulations 2011 but will need to be read alongside the The Procurement Regulations 2024 and the National Procurement Policy Statement 1.
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”). This principle is also codified under the English State Immunity Act 1978 (the “SIA”).
The start of 2024 was no exception to this phenomenon. Set to start operations on 1 February 2024, arbitrateAD is the latest addition to the region’s expanding institutional landscape. million – a response to the growing criticism directed at DIAC’s significantly lower threshold of around USD 270,000. million in value.
23-30171, 26 March 2024 Juan Manuel Poggio Aguerre, King & Spalding LLP, ITA Reporter for the United States of America This case concerns the enforceability of an arbitration agreement through equitable estoppel. Republique d’Inde v. Société Campus ESG SARL v. Global Institute Inc. AA e BB v. A…Companhia de Seguros S.A.,
HSBC PI Holdings (Mauritius) Limited , 2024 SCC Online SC 345, where it rejected a challenge to the enforcement of a Singapore-seated foreign award on the ground of arbitrator’s bias. The Supreme Court has recently bolstered this view in Avitel Post Studioz Limited & Ors.
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.
On August 5, 2024, the General Services Administration (GSA) took a step forward by publishing a final rule to “standardize and simplify the Multiple Award Schedule (MAS) clauses for economic price adjustments.” Three further supplements have extended these policies until December 31, 2024.
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. This criticism, even if it were true, would not reach the high threshold for a violation of public policy, in any event (para. Bolivarian Republic of Venezuela (“ Clorox v.
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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content