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Every five years, the government is required by 41 U.S.C. 1908 to adjust the statutory acquisition thresholds for inflation, such as the Micro-Purchase Threshold, Simplified Acquisition Threshold, and others. Here are some of the proposed new thresholds for the FAR. million to $9.5 FAR 19.502-2.
In fact, it was made government-wide when the law was introduced in 1984. And so based on that interpretation of the Small Business Act and the implementing regulations of procurement vehicle, that’s a multiple-award contract would also be subject to the Rule of Two. So it’s a huge part of governmentcontracting.
Trying to figure out how to get a governmentcontract? This no-nonsense guide walks you through the contracting process, from initial eligibility to bidding, and ultimately enables your small business to win contracts available every fiscal year. You’re in the right place!
Here at SmallGovCon, we have always endeavored to stay on top of all the different changes to the myriad of small business contracting programs. The DoD would adjust the amount of revenue from DoD contracts required to be a Mentor, from $100 Million during the previous fiscal year, to $25 Million.
This guide breaks down the crucial steps: identifying contracting opportunities, understanding procurement processes, and building relationships with government buyers. Dive in to learn strategies that can help you secure lucrative governmentcontracts. Research is a key component of this process.
OHA reminded contractors that the nonmanufacturer rule applies only to acquisitions over the simplified acquisition threshold. As avid readers of our blog know, some things that can be quite confusing in small business federal contracting are the limitations on subcontracting, and its counterpart, the nonmanufacturer rule.
The requirement to pay “prevailing wages” to covered workers is a perennial aspect of many types of governmentcontracting, including construction contracts subject to the Davis-Bacon Act (“DBA”) and certain related laws (collectively referred to as the Davis-Bacon and Related Acts or “DBRA”).
On December 21, the Government Accountability Office (GAO) dismissed a protest by ELS, an unsuccessful bidder on a Department of Defense (DOD) task order opportunity, concluding that it did not have jurisdiction to consider it. GAO reasoned that because “the value of the task order [was] below $25,000,000. 4106(f)(1) and 10 U.S.C. 3406f(2).
For the former, the information below can serve as a refresher on the basics of economic disadvantage–but also, a source for SBA’s most recent economic disadvantage thresholds (as of 2024, as these are updated periodically for inflation ). What are SBA’s current economic disadvantage thresholds ?
We will continue to work hard to provide helpful federal contracting news and updates in 2024 and we truly appreciate your continued support and feedback. Enjoy a final few federal contracting updates to round out the year, including the new CMMC rules and new SDVOSB goals. Happy Friday! Happy new year!
. § 124.506 , if an 8(a) contract price would exceed a certain threshold ($7 million for manufacturing contracts, $4.5 In particular, it does not apply to bridge contracts. Per SBA, it was not meant to stop agencies from using emergency measures like bridge contracts. In Anika Systems, Inc., B-422187 (Feb.
Current FAR 9.506 simply commands contracting officers to review OCIs, but with little guidance for agencies. The proposed OCI rule implementing the Preventing Organizational Conflicts of Interest in Federal Acquisition Act has just dropped. This 108-page rule will propose some major changes for organizational conflicts of interest.
million for construction contracts). While the specific goal will vary with each contract (or in some cases may be on a company-wide basis), it is rare for a contracting officer to find a large business hasn’t met the given goal. of completed contracts for 2022 for SDVOSBs! Let’s take a deeper look at these findings.
Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. So the federal government spends more than $1 trillion a year in grants and other federal financial assistance. Let’s talk about maybe the threshold for what gets audited. Dan Ramish Yes, Tom.
We get a lot of questions about federal governmentcontracting as federal governmentcontracting attorneys, which makes sense. This is also unsurprising, as the government really did not do the best job in making it clear what this act does. One thing we get asked about a lot is the Buy American Act.
FAR 19.502-2(a) requires that all acquisitions for supplies or services that have an anticipated dollar value above the micro-purchase threshold ($10,000 at the time of this post) but not over the simplified acquisition threshold or SAT ($250,000 at the time of this post) be set aside for small businesses. Read on to find out.
For almost all New Jersey government officials and state employees, gifts are forbidden. Under New Jersey law, any business, its executives, or representatives have a very low threshold for providing and reporting gifts, or what the law defines as “benefit passing,” and public disclosure is required.
The Veteran-Owned Small Business (VOSB) Program has long held a sort of unheralded position in SBA and federal contracting. But things might be changing, as Congress has proposed a big step towards expanding what agencies can set-aside contracts for VOSBs. This new provision would also set up a VOSB contracting goal for DoD.
As you will see below, it is easier for contracting officers to give sole source awards to 8(a) Program participants. million threshold mentioned before; The WOSB/EDWOSB is a responsible contractor; and Award can be made at a fair and reasonable price. Looking for the latest governmentcontracting legal news?
The changes apply to all solicitations and contracts, including those at or below the Simplified Acquisition Threshold and for commercial-off-the-shelf products and services. It is in the best interest of the government to apply whistleblower protections through a clause in all federal governmentcontracts.”
If you are a small business government contractor who ever utilizes subcontractors to complete federal set-aside contracts, knowing what a “similarly situated entity” is for a given contract is vital to your success. So, let’s take it back to the basics of “similarly situated entities.”
Below, we recap her primary takeaways, giving readers a comprehensive guide to winning more governmentcontracts with GovSpend. Last month, GovSpend host Paige Mockler hosted a practical webinar on the top 5 ways customers can boost their public sector sales using data and workflow tools on the GovSpend platform.
23] And, as the Government has previously pointed out, “because the committee depends on government statistics that are reported at various lags, it cannot officially designate a recession until after it starts.” [24] Jay Blindauer The bond yield curve inverted in October 2022. [1] At least it has every time since 1968. [2] treasuries.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]
This post can tell you all the basics about debriefings, a crucial part of the complicated world of bidding on governmentcontracts. Before you can bid on a federal contract, you have to be registered in SAM. 9 Senate-Passed 2024 NDAA set to Raise DoD Set-Aside Sole-Source ContractThreshold Limits.
The common belief is that only when the award of a subcontract exceeds the cost or pricing data threshold. Governmentcontracts and subcontracts should have commercial determination regardless of the dollar value. This common belief is what we refer to as a too-often believed myth.
The Cost Accounting Standards Board (CASB) recently announced that it seeks public comments on “whether and how” to amend the rules to clarify whether the CAS apply to indefinite value contract vehicles (or IDVs, otherwise known as indefinite-delivery / indefinite-quantity, or IDIQ, contracts). View the full article
The awarded task order reflected GreenXT’s proposed cost of $24,848,774, which was just below GAO’s $25 million jurisdictional threshold. But the Navy determined GreenXT’s total evaluated cost— i.e., the total amount the Navy expected to pay—to be $25,116,561, which was above the GAO threshold. View the full article
8] The Government typically analyzes reasonableness by individual employee for owners, executives, and other “high risk compensation categories” and by job class for other employees. 1] This definition is quite broad. It does not impact the allowability of backpay and retroactive adjustments for work performed in the current year.
The rule instructs that existing IDIQ contracts should be modified by the Government within six months of December 4, 2023 to apply the requirements to future orders. Additional information about the rule and its relationship to existing FASCSA regulations is outlined below.
Better contracts and processes, for example, could reduce the risk of delays, quality problems or unexpected costs. As a result, addressing passive waste through capacity-building measures can generate large savings for governments. Reducing waste in procurement requires a balanced focus on both active and passive waste.
Background The case relates to an award issued by a Geneva-seated ICC tribunal constituted pursuant to a Swiss law-governedcontract executed between General Dynamics United Kingdom (“GD UK”) and the State of Libya (“Libya”) for the supply of communication and information systems to be installed in Libyan army vehicles (the “Contract”).
This should make more business owners eligible to qualify for the valuable small business set-aside work for the federal government. Small Business Administration, Small Business Size Standards: Adjustment of Monetary-Based Size Standards, Disadvantage Thresholds, and 8(a) Eligibility Thresholds for Inflation, [link] (Nov.
The post Season 11: Episode 17: FAR Facts appeared first on Public Contracting Institute - GovernmentContracts Training. Executive agencies shall take maximum advantage of available Federal excise tax exemptions. FAR 29.201(c).
We cover the eligibility criteria, application steps, and the tangible benefits you can gain from this program, aiming to enhance your competitive edge in governmentcontracting. Such contracts are a significant boon, providing a secure revenue stream and a foot in the door of governmentcontracting.
But for government contractors, this has some very unique and I think, deleterious consequences. And so the company needs a way of keeping those key personnel relevant for their bid during the process that the government is going through. And the government itself will suffer from this. Your approach.
Stephen Bacon So this was a VA procurement, the [Transformation Twenty-One Total Technology-Next Generation (T4NG)] contract for IT services. And so even if REV was able to successfully eliminate some of the awardees, the court ruled that it didn’t show that it would have had a substantial chance at winning the contract.
Understanding key clauses and provisions in the Federal Acquisition Regulation (FAR) is crucial for success in governmentcontracting. Changes Clause (FAR 52.243-1) The Changes Clause is a fundamental provision that allows the government to make unilateral changes to the contract within its general scope.
But Percipient did file in the Court of Federal Claims on the basis that the government is obligated to use commercially available products. The government needed both a repository for storing and managing and disseminating visual intelligence and also the computer vision functions that Percipient provided. Tom Temin: Right.
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
DOJ also expects to provide rewards to whistleblowers only in cases involving penalties above a certain monetary threshold. The post DOJ Offers Cash “Carrot” to Whistleblowers; Foreshadows “Stick” of More Corporate Enforcement appeared first on GovernmentContracts Legal Forum. View the full article
Trade agreements and country of origin requirements play a big role in international trade and governmentcontracting. These rules are important because they affect things like taxes and which products can be used in government projects. Understanding these rules is key for businesses that want to work with the government.
More specifically, each BPA holder shall be provided a specific request for quote (RFQ) for procurement requirements of an anticipated total dollar value exceeding the simplified acquisition threshold. Schedule contracts provide for an extensive volume of competitive cost/price offerings. agency-specific vehicles—IDVs, GWACs, etc.
More specifically, each BPA holder shall be provided a specific request for quote (RFQ) for procurement requirements of an anticipated total dollar value exceeding the simplified acquisition threshold. Schedule contracts provide for an extensive volume of competitive cost/price offerings. agency-specific vehicles—IDVs, GWACs, etc.
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