Remove 2025 Remove Participation Remove Thresholds
article thumbnail

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

SmallGovCon

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

article thumbnail

OMB Issues Command to Increase Small Business Participation on MACs

SmallGovCon

The White House has issued a memorandum that calls for specific procedures for Increasing Small Business Participation on Multiple-Award Contracts. That executive order established a government-wide goal of awarding at least 15 percent of federal contract spending to small disadvantaged businesses in FY 2025.

article thumbnail

Competing global supply chain approaches

Federal News Network

Even more legislation may be on the way, as we see provisions in the House version of the FY 2025 NDAA ( see, e.g. , Sections 173, 178, 242, 807, 1706, and 1722) and in the Senate version of the bill ( see, e.g., Sections 885, 886, 887, 888, and 889).

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 SBPCD is the prime contractor’s proposed response to the small business participation evaluation factors. In a proposed rule from Nov.

article thumbnail

Competing Global Supply Chain Approaches  

The Coalition for Government Procurement

Even more legislation may be on the way, as we see provisions in the House version of the FY 2025 NDAA ( see, e.g. , Sections 173, 178, 242, 807, 1706, and 1722) and in the Senate version of the bill ( see, e.g., Sections 885, 886, 887, 888, and 889).

article thumbnail

Thoughts on the AI Safety Summit from a public sector procurement & use of AI perspective

How to Crack a Nut

Participants expressed a range of views as to which risks should be prioritised, noting that addressing frontier risks is not mutually exclusive from addressing existing AI risks and harms.’ Multiple participants suggested that existing voluntary commitments would need to be put on a legal or regulatory footing in due course.

article thumbnail

Understanding the new Procurement Act 2023: What suppliers need to know - Part 1

VWV

The Act was initially set to go live on 28 October 2024, but this has now been delayed to 24 February 2025. The current procurement rules will remain in effect until 23 February 2025 and will apply to procurements commenced before this date. For below threshold contracts , Contracts Finder will still be active.