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

VWV

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. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

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Procurement Act 2023: What’s next and why you should act now

VWV

The Ministerial Statement highlighted that the extension aims to facilitate a smoother transition for both contracting authorities and suppliers. For DPS, there is a long stop date of 24 February 2029. Understanding how this will work will be important for both contracting authorities and suppliers. Where are we now?

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The FY 2024 National Defense Authorization Act: Key Provisions Government Contractors Should Know

Government Contracts Legal Forum

Instead, the Industrial Base Policy M&A office merely has broad discretion to assess “covered transactions” involving “major defense suppliers” as defined in DoD’s M&A policy under Directive 5000.62. The authority for this pilot program will sunset on January 1, 2029.