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For Department of Defense procurements , the agency adds a 50% penalty, regardless of the size of the contractor with the lowest priced domestic end product. That 65% will become 75% in 2029. Also, for Department of Defense procurements, qualifying countries’ products are treated as domestic end products.
The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. When does the Procurement Act take effect? Procurements started after 24 February will be governed by the new rules.
On February 15, 2024, the Department of Defense (“DOD”) issued a final rule that increases the domestic content requirements for defense procurements. Although the FAR Council issued a final rule implementing the EO on March 7, 2022, the BAA requirements for defense procurements remained unchanged.
This provision of the NDAA seems targeted at bridging the communication gap between the agencies by requiring that the parties to a proposed transaction over the HSR threshold provide a copy of their HSR filing directly to DoD. The authority for this pilot program will sunset on January 1, 2029.
The conference begins with remarks from Christine Harada , Senior Advisor in OMB’s Office of Federal Procurement Policy (OFPP), on the governmentwide Better Contracting Initiative , a four-pronged initiative to ensure that the Federal Government receives optimal terms and prices when purchasing goods and services.
A number of provisions in both chambers’ versions of the FY 2024 NDAA seek to expand DoD purchases of goods and services produced in the United States: Navy Shipbuilding: Senate Section 866 would adjust the domestic content requirements under the Buy American Act of articles, materials, or supplies procured for use in Navy shipbuilding.
In Memory of Marcia Madsen It is with heavy hearts that the staff and members of The Coalition for Government Procurement mourn the passing of our dear friend and colleague, Marcia Madsen. After several years at Mayer Brown, Marcia’s advice was instrumental in my decision to become President of the Coalition for Government Procurement.
Nash previously addressed excessive deficit spending, calling it “an issue that should be of concern to all folks that work in the procurement arena.” 75] Looking at the FRED data , it shows a little more variability, but nonetheless affirms ~20% of GDP as a threshold that appears difficult to surpass. [76] Canada, U.K,
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