Remove Budget Remove Import Remove Thresholds
article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Organizational procurement policies often establish thresholds for the application of RFQs, RFPs, REOIs, and IFBs, defining their use within specific procurement methods or strategies. Most organizational procurement policies define thresholds that dictate when a particular method should be used.

article thumbnail

Top Strategies for Successfully Selling to the Government

Select GCR

This person can advocate for your solution, help uncover budget sources, and guide you through the procurement process. Most government contracts require a competitive solicitation process, especially for purchases exceeding certain thresholds, typically ranging from $5,000 to $50,000.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Best practices for project management in the AWS Cloud

AWS Public Sector

This perspective defines a project management office, the importance of cloud-specific governance reviews, and the value in applying an agile approach to cloud projects. What is the solution and most important customer benefit? Managing costs – Select tools that help track and manage project resources to keep the budget on track.

article thumbnail

State Dept. reshaping acquisition organization, processes

Federal News Network

Along with FFRDCs, Derrios remains optimistic that Congress will grant State another important acquisition tool: The authority to use other transaction agreements (OTAs). The threshold [for review] is $250 million and over. “The The threshold [for review] is $250 million and over. The BRC is a big one for us.

article thumbnail

Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations.

article thumbnail

Year in Review: Top SmallGovCon Posts of 2023

SmallGovCon

While we have already posted some updates from 2024, it’s a good time to reflect on the important posts from 2023. It’s a good chance to look back on the important articles from 2023, and those topics of continuing interest to federal contractors. 6 FAR Final Rule: Increased Micro-Purchase and Simplified Acquisition Thresholds.

article thumbnail

NITAAC obtains 801 Certification: DoD Assisted Acquisitions Now Much Easier

NIH NITAAC

But what exactly is 801 certification and why is it so important? The NDAA is the name for a series of federal laws that determine the annual budget of the U.S. Congress oversees the defense budget through two yearly bills: the National Defense Authorization Act and defense appropriations bills. Department of Defense (DoD).