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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.” The entire law, however, was less than two pages. Professional Standards.
Tom Temin Sure, and there are also some updated thresholds for what gets audited, what gets investigated by the government, and also for some of the provisions for equipment and ancillary costs associated with a grant. Let’s talk about maybe the threshold for what gets audited. Dan Ramish Yes, Tom. Fair to say? Dan Ramish Yes.
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 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.
Definition of Compensation The FAR defines compensation for personal services to mean “all remuneration paid currently or accrued, in whatever form and whether paid immediately or deferred, for services rendered by employees to the contractor.” [1] 1] This definition is quite broad. 29] As a result, such compensation has a lower the audit risk.
Recently, TI Ukraine found an interim solution that combines the flexibility of ProBI with a low “entry threshold.” Almost a decade after its inception, Ukraine’s Prozorro system remains at the forefront of procurement transformation and innovation.
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