article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Throughout the evolution of project and public procurement management, terms and expressions in the field have increasingly been used interchangeably. Organizational procurement policies often establish thresholds for the application of RFQs, RFPs, REOIs, and IFBs, defining their use within specific procurement methods or strategies.

article thumbnail

FAR Council Issues Proposed Rule to Increase Acquisition Thresholds

Redstone Government Consulting

FAR Council proposes increasing acquisition thresholds for inflation, reducing administrative burdens while impacting contractor procurement policies.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

As the Acquisition World Turns: OFPP turns heat up on primes

Federal News Network

The micro-purchase threshold, the simplified acquisition threshold, the 8(a) sole source contract ceiling and several other similar acquisition limits are likely to increase in 2025. Harada instructed agencies to standardize and apply some consistency to their procurement forecasts. In a proposed rule from Nov.

article thumbnail

Breaking down barriers: The challenges of federal micro-purchases for small businesses

Federal News Network

However, in practice, federal agencies are often directed toward larger procurement platforms, which can introduce complexities that hinder small businesses. While these platforms were developed to simplify procurement, they frequently favor larger, established vendors, making it difficult for small businesses to compete on equal footing.

article thumbnail

Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

Around the world, governments are embracing “green procurement” – environmentally sustainable strategies to reduce global greenhouse gas emissions and other forms of pollution. A ” catalogue ” of green procurement strategies in the European Union and the United States, prepared by the European Commission and the Office of the U.S.

article thumbnail

Procurement Act - Key Facts and Figures

VWV

The procurement regime is changing on 24 February 2025. Here are some key facts and figures you need to know about the Procurement Act 2023. Procedures Number of procurement processes has reduced from 6 to 3. Increased transparency throughout the lifecycle of a procurement and related contract.

article thumbnail

The SBA doubles down on the Rule of Two

Federal News Network

Haynes Boone procurement attorney Dan Ramish joined the Federal Drive with Tom Temin to provide more details. So the Court of Federal Claims, one of the judges issued a decision in Tolliver Group that said that the Rule of Two actually applies to an acquisition before there’s even a decision on which procurement vehicle to apply.