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Agencies are directed to focus attention on maximizing small business participation below the simplified acquisition threshold. Finally, agencies are encouraged to utilize data and available procurement tools to ensure new entrants and small businesses are participating in their contracting base.
1 Simplified Acquisition Threshold: The bill would raise the simplified acquisition threshold (SAT) from $250,000 to $500,000. Unlike traditional competition requirements, these procedures are more streamlined and flexible. To register for this members-only meeting, click here. Virtual attendance will also be available.
One of the significant changes introduced by FASA was raising the simplified acquisition threshold from $25,000 to $100,000, and later to $250,000, making it easier for contractors to access federal contracts. Certain modifications may necessitate preliminary pricenegotiations to protect the governments interests.
DoD Acquisition & Sustainment has currently been utilizing the Adaptive Acquisition Framework to give the military branches more flexibility in their procurement processes. The negotiatedpricing is the first in a series that will be conducted through the Medicare Drug PriceNegotiation Program.
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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