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FAR Council Issues Proposed Rule to Increase Acquisition Thresholds

Redstone Government Consulting

FAR Council proposes increasing acquisition thresholds for inflation, reducing administrative burdens while impacting contractor procurement policies.

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Sole Source Justifications are Required for Purchases Over $10,000

Redstone Government Consulting

The Government wants to pay a fair and reasonable price for products and services that they purchase and expects you to pay your suppliers a fair and reasonable price. If the purchase exceeds the micro-purchase threshold, yes $10,000 , you must document the justification as sole source. It is never as easy as checking a box.

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UK: start of the public consultation on the introduction of a UK carbon border adjustment mechanism (CBAM)

Import and Trade Remedies

Last week, HM Revenue & Customs (HMRC) and HM Treasury launched a public consultation on the introduction of a UK carbon border adjustment mechanism (CBAM), following its announcement in December 2023. The UK Emission Trading System (ETS) will still be used as a reference to calculate the carbon price.

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What is a Split Purchase in Government Contracting?

Redstone Government Consulting

The Government considers a split purchase when a contractor intentionally breaks down a requirement to stay under a regulatory threshold (e.g., micro-purchase, simplified acquisition threshold, or Truthful Cost or Pricing Data Act (TINA)) in order to circumvent procurement requirements or avoid having to compete.

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Oh, Where Oh Where Are My Subcontract Terms and Conditions

Redstone Government Consulting

We have had several clients tell us they have purchase orders under the Truthful Cost or Pricing Data (TINA) threshold for what they believe to be commercial purchases.

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When and Why Commercial Determinations Are Required

Redstone Government Consulting

The common belief is that only when the award of a subcontract exceeds the cost or pricing data threshold. When is a commercial determination required in the Federal Acquisition Regulations (FAR)? This common belief is what we refer to as a too-often believed myth.

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Enhancing RFPs (e.g.,