Frequently, the government can specify accurately what it intends to purchase but cannot define the delivery dates or the quantities. There are three types of these contract vehicles guided by Federal Acquisition Regulation 16.5: definite-quantity contracts, requirements contracts, and indefinite-quantity contracts. They are used when the buying agency cannot determine a specified minimum, or the … Read more
As of July 15, the initial caps on net worth, adjusted gross income, and fair market value of assets for the 8(a) program have gone up. The dollar amounts for initial 8(a) economic disadvantage eligibility have increased quite a bit, making more people economically eligible. Read on for the details on this change. We wrote … Read more
There are many contract types and many paths to being a successful vendor. Today we will discuss the top contract types. Contract types are prescribed by Federal Acquisition Regulation or FAR Part 16, aptly titled Contract Types. The selection of a contract type requires negotiation and the exercise of good judgment. A contracting officer generally … Read more
Your company may perform many commercial contracts that involve collaborating or subcontracting with another company. However, for your government contracts, the rules may be different. Once you enter the government marketplace, getting the job done may take some new strategies. What is subcontracting? When we hear the term “subcontract” or “subcontractor,” most of us think … Read more
For two decades, you could go to one website, the FARSite (maintained by Hill Air Force Base), to search for certain clauses, words or phrases wherever they appeared in the Federal Acquisition Regulation (FAR) and the various FAR supplements. Then, at the beginning of last year, a notice appeared on the site that had acquisition officials in … Read more
A final rule was published in the Federal Register today, amending the Federal Acquisition Regulation (FAR) to update the instructions for registration in the System for Award Management (SAM) and clarify the timing of registration in SAM. The new rule, which is effective October 26, 2018, requires all offerors (except as provided at FAR 4.1102) to … Read more