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New OCI Rule Contains Big Changes

SmallGovCon

Here are some initial thoughts on some of the important changes proposed in this rule, as well as a recap of the original statute and my earlier predictions. Congress would really like the FAR to focus on additional examples Definitions. Definitions. Stay tuned for more updates on SmallGovCon. Private Sector.

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Decoding the SBA Definition of Small Business

Select GCR

The SBA definition of a small business concern is simple: its an independent entity with fewer than 500 employees and limited revenue. This definition determines eligibility for SBA loans, government contracts , and other crucial benefits. What is the SBA’s definition of a small business?

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Why is Benchmarking key for Optimum Business Value?

Oxford College of Procurement and Supply

In order to evaluate whether suppliers offers are giving a business the optimum value, benchmarking is required. Procurement is all about achieving value for money. Benefits Of Benchmarking Benefits of Benchmarking Ready to deepen your procurement expertise?

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Cultivating a Culture Braced for Change 

GovLoop

When asked how leaders could create a team culture that’s ready for change, Kerestesy explained that first, you must decide what culture is. “My go-to definition is a ‘shared rationale for how employees do what they do,’” he said. Favorite

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

The Procurement ClassRoom

However, it is important to recognize that solicitation tools are distinct from procurement methods. It is important to note that Shopping refers to the procurement method , while the solicitation tool employed in this method is the Request for Quotations (RFQ).

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Performance Risk is Intrinsic to Stated Evaluation Factors

Public Contracting Institute

In a recent protest, the Government Accountability Office (“GAO”) held that although performance risk was not specifically listed as an evaluation criterion, an agency may always consider risk that is intrinsic to the stated evaluation factors. South Dade A/C and Refrig., B-421406, April 25, 2023.

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Contractor Performance Information (FAR 42.15) and the Contractor Performance Assessment Reporting System (CPARS)

Public Contracting Institute

The “orders under single-agency contracts” Policy (FAR 42.1502(d)) This policy owns definitive clout and the interpretation of this policy warrants some appreciative clarity and confirmation. The policy reads: “Orders under single-agency contracts. Is there a contradiction or what is the correct interpretation?