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Current FAR 9.506 simply commands contracting officers to review OCIs, but with little guidance for agencies. The rule will note that “Incumbent contractors may have a natural advantage that is not unfair when competing for follow-on contracts because of knowledge and expertise developed during contract performance.”
Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. And increasingly, the federal grant in assistance space is becoming subject to more requirements that start to look like government contracts. Let’s talk about maybe the threshold for what gets audited.
The Final Rule also makes many changes to 2 CFR Parts 180 and 200, including, but not limited to, increasing the threshold for audits, clarifying the requirements for fixed amount awards, and implementing a mandatory disclosure rule. View the full article
Section 801 provides guidance on the “procurement policies, procedures, and internalcontrols” that must be followed to assure compliance with defense procurement requirements, particularly for a nondefense agency when it is performing an assisted acquisitions to procure supplies and services on behalf of the DoD.
The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. 31] Thus, implementing and documenting adequate internalcontrols for determining compensation can significantly reduce audit risk. 1] This definition is quite broad.
Similarly, at the contract stage, the procurement system generates inaccurate and incomplete information, despite the time and resources invested in developing contract and planning analytics applications. Recently, TI Ukraine found an interim solution that combines the flexibility of ProBI with a low “entry threshold.”
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