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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.
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!
Want to start selling to governments but dont know where to begin? 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.
In fact, it was made government-wide when the law was introduced in 1984. And this really matters because of how much ordering is done as task orders as opposed to brand-new acquisitions under the many multiple award contracts out there, correct? So it’s a huge part of governmentcontracting. Tom Temin: OK.
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).
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.
Strengthening Digital Accessibility and the Management of Section 508 of the Rehabilitation Act Class Deviation—Implementation of the United States Trade Representative Trade Agreements Thresholds Civilian Agency Acquisition Council (CAAC) Consultation to Issue a Class Deviation from the Federal Acquisition Regulation (FAR) Regarding New Trade Agreements (..)
So the federal government spends more than $1 trillion a year in grants and other federal financial assistance. And government contractors will sometimes participate in the federal grant space, either as contractors or as recipients or sub recipients. Let’s talk about maybe the threshold for what gets audited.
While OCI “requirements are applicable to most procurements, acquisitions below the simplified acquisition threshold (SAT) and those for commercial products are exempt, as well as subcontracts for commercial products or commercial services.” ” Use of “structural or behavioral barriers, internal controls, or both.”
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 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. Looking for the latest governmentcontracting legal news?
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. Anika also made an argument that the SEC failed to consider the effect the bridge contract would have on the equitable distribution of 8(a) contracts.
Government treasury bills (“T-bills”) becomes higher than the interest rate on 10-year U.S. Government treasury notes. [6] 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.”
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. Need legal assistance?
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”).
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]
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.
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.”
This new provision would also set up a VOSB contracting goal for DoD. On top of this, it also would allow DoD contracting officers to sole source contracts to VOSBs if the contracts are below certain dollar thresholds. Looking for the latest governmentcontracting legal news? call at 785-200-8919.
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.
grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking. The 400 largest law firms by headcount in the U.S.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations.
As a threshold matter, attendees will learn the differences between teaming and subcontracting, why both types of agreements can be essential, and when in the procurement timeline each is used.
million threshold mentioned before; The WOSB/EDWOSB is a responsible contractor; and Award can be made at a fair and reasonable price. million/$7 million threshold, the awarded concern is responsible, and award can be made at a fair and reasonable price. Looking for the latest governmentcontracting legal news?
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.
Also, in moves that were likely aimed to increase participation, or at least interest among potential mentors, the DoD is proposing a reduction of the dollar threshold associated with mentor eligibility, and increasing the length of a mentor protégé agreement. 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.”
The FAR rule represents yet another step by the Government to mitigate the security risks that the Government perceives with the use of information technology that may be produced or provided by countries considered to be foreign adversaries. Government to mitigate risks.
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. Looking for the latest governmentcontracting legal news?
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. When is a commercial determination required in the Federal Acquisition Regulations (FAR)?
In the following paragraphs, we will explore the key elements of this transformative agenda and the opportunities for action available to governments in the region. Better contracts and processes, for example, could reduce the risk of delays, quality problems or unexpected costs. What is Smart Public Procurement?
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.
Relevant here, the task order was subject to FAR clause 52.232-20, Limitation of Cost, pursuant to which the government is not obligated to reimburse a contractor for costs incurred in excess of the task order’s estimated cost. million, was below the $25 million threshold. ELS protested the Navy’s award of the task order to GreenXT.
This should make more business owners eligible to qualify for the valuable small business set-aside work for the federal government. For instance, contractors face a difficult road to recover costs in a firm-fixed-price contracts. For instance, contractors face a difficult road to recover costs in a firm-fixed-price contracts.
And, for contractors who do currently have CAS-covered contracts, this question is critical for quantifying cost impacts when making cost accounting practice changes and when the government alleges or asserts a claim for a CAS noncompliance. View the full article
As we prepare for our 17th episode of Season 11, here are a few Episode 17 FAR Facts for us to think about: A bid guarantee is a form of security that the Government uses to assure that a contractor will not withdraw a bid within a specified period of acceptance. Our next session will cover FAR Parts 28 (Bonds and Insurance) and 29 (Taxes)!
Contracting Officers are not required to eliminate all contract risk when executing or administering Governmentcontracts. Only Contracting Officers have the authority to award, modify, or terminate a Governmentcontract. FAR 1.102-2 (c)(2). FAR 1.103 (b). FAR 1.602-1.
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. Once certified, your business becomes eligible for sole-source contracts up to $7 million for manufacturing and $4.5
financial system; Financial corruption cases outside the jurisdiction of the SEC, including FCPA violations by non-issuers and violations of the recently enacted Foreign Extortion Prevention Act; and Domestic corruption cases, especially involving illegal corporate payments to government officials. View the full article
Government supply chain as directed by the Federal Acquisition Security Council (“FASC). The Interim Rule becomes effective 60 days after publication, requiring new FAR clauses to be incorporated into all solicitations and contracts (including orders and modifications) issued after December 4, 2023.
But Percipient did file in the Court of Federal Claims on the basis that the government is obligated to use commercially available products. So what’s interesting and unusual in this case is that Percipient wasn’t in a position to meet the government’s entire requirement. The protester, Percipient, had not bid.
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”).
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. Section 200.333 increases the maximum value of a fixed amount subaward from $250,000 to $500,000.
2024), 2024 WL 201890, the Court of Federal Claims (COFC) addressed whether government disclosure of a company’s trade secrets and commercial information could create a viable claim for a taking under the Fifth Amendment or for breach of an implied-in-fact contract. appeared first on GovernmentContracts Legal Forum.
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