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Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.
Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.
Williams, and Mickey Liebner; Mayer Brown Bipartisan, bicameral legislation in the US Congress would mandate the use of the National Institute of Standards and Technology’s (“NIST”) Artificial Intelligence Risk Management Framework (“Framework”) by federal agencies.
OMB Launches Acquisition Data Strategy The Office of Management and Budget (OMB) issued a circular on May 30 entitled “Strategic Management of Acquisition Data and Information.” 1 Simplified Acquisition Threshold: The bill would raise the simplified acquisition threshold (SAT) from $250,000 to $500,000.
However, the Office of Management and Budget recently advised the U.S. FLSA exemption issues can arise when unpaid furlough periods reduce the compensation level of exempt employees below the threshold required for them to maintain their exempt status under federal, state, or local law.
The System for Award Management (SAM) is a crucial tool for small businesses, serving as a database where government agencies identify eligible contractors. Certain modifications may necessitate preliminary pricenegotiations to protect the governments interests.
Tom’s illustrious career in the private sector also includes working with the Washington Management Group as Vice President for Law and Policy and with AT&T Government Solutions, where, as Senior Counsel, he supported civilian and defense business teams and served as a subject matter expert on government procurement policy issues.
EPA Clauses The FAR If a contractor has a contract with a Federal Acquisition Regulation (“FAR”) Economic Price Adjustment (“EPA”) clause—which was designed to protect the Government and the contractor from cost fluctuations—then at least a partial remedy should be available through that clause. [17] Not easy to do.
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