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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. Well, the purchase becomes sole source – and yes, the requirements have just increased significantly. Oh, if that were only the case.

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What is a Split Purchase in Government Contracting?

Redstone Government Consulting

There is no definition of split purchases in the Federal Acquisition Regulation (FAR) or Defense Federal Acquisition Regulation Supplement (DFARS). However, the Defense Contract Management Agency reviews purchase order files for split purchases during a Contractor Purchasing System Review.

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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. Following this public consultation, the UK government will draft a legislative proposal, which will presented to the UK parliament.

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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. To comply with this requirement, as many as possible of your purchase orders issued under your U.S. When is a commercial determination required in the Federal Acquisition Regulations (FAR)?

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

Crown corporations purchase a variety of goods and services, from professional services to technology to general goods. 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. tip sheet for low-value purchases).