Did you know that over the summer there was a class deviation to the definition of the micro-purchase threshold? Most people didn't! Unless you are keen on reading FAR Part 2 daily, you may have missed this deviation. Class Deviation- 2017-O0007, Increased Micro-Purchase Threshold. This clause deviation is effective on Sept 01, 2017, and [...]
Effective June 15, 2016, the DoD, GSA, and NASA issued a final rule “amending the Federal Acquisition Regulation (FAR) to add a new subpart and contract clause for the basic safeguarding of contractor information systems that process, store or transmit Federal contract information.” (Federalregister.gov). The new subpart FAR 4.19, Basic Safeguarding of Covered Contractor Information [...]
Note the following changes: The micro-purchase base threshold increased from $3,000 to $3,500. FAR 2.101. The ceiling for the use of simplified acquisition procedures for the purchase of commercial items increased from $6.5 million to $7 million. FAR 13.500. The threshold for obtaining certified cost or pricing data increased from $700,000 to $750,000. FAR 15.403-4. [...]
Article by Dentons Key contacts Phillip R. Seckman Partner, Denver D +1 303 634 4338 Email Erin B. Sheppard Counsel, Washington, DC D +1 202 496 7533 Email Michael J. McGuinn Senior Managing Associate, Denver D +1 303 634 4333 Email The Department of Defense (DOD) earlier today issued an interim rule, effective immediately, that significantly increases existing cybersecurity requirements for DOD contractors. [...]
FAR compliance is important regardless of DCAA being involved, as it is still required by your contract, and good accounting is inherent to good business practices. Ensuring compliance related to DCAA requirements will allow your business to continue a successful relationship with the government, while avoiding: repayments, penalties, delay or loss of contract and wasted [...]
The following examples of recent work performed not only convey our value (and potential for high ROI), but the inherent fact that when working with government contracts, “you don’t know what you don’t know.” And what you don’t know can diminish your bottom line. How Does Arrowhead Win for Your Business? Activity Contract [...]
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