Remove Influencing Remove Internal Control Remove Thresholds
article thumbnail

New OCI Rule Contains Big Changes

SmallGovCon

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.”

article thumbnail

OMB Final Rule Rewrites the Uniform Guidance for Grants, Cooperative Agreements, and Other Federal Financial Assistance

Government Contracts Legal Forum

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.

article thumbnail

The Cost Corner: Government Contracts Cost and Pricing – Compensation for Personal Services (Part I)

Government Contracts & Investigations

31] Thus, implementing and documenting adequate internal controls for determining compensation can significantly reduce audit risk. 36] This guidance affords contractors considerable leeway to try to influence the appropriate level at which to define the relevant geographic area.

Price 52