Welcome to our first newsletter of the year! Today, we delve into the world of government property compliance and shine a spotlight on FAR Part 45, a crucial regulation that shapes how contractors manage government-owned […]
Elevating Contracting Excellence In the intricate world of federal contracting, where every decision counts, understanding the nuances of the FAR is paramount. Among the many facets of the FAR, Part 53 stands out as a […]
Understanding FAR Part 42: A Brief Overview FAR Part 42 is a cornerstone in the landscape of government contracts, outlining the principles of contract administration and audit services. Navigating its intricate clauses and regulations demands […]
Overview Contract types are grouped into two broad categories: fixed-price contracts and cost reimbursement contracts. A critical component of acquisition planning includes determining the contract type. This task is important for several reasons. After completion […]
A new Federal Acquisition Circular (FAC) 2023-02 was published in the Federal Register on February 14, 2023. The list of final rules, all effective March 16, 2023, include: Accelerated Payments Applicable to Contracts with Certain Small Business […]
“Rule of Two” Overview In simple terms, the FAR states that the contracting officer shall set-aside any acquisition over the micro-purchase threshold for small business participation when there is a reasonable expectation that offers will […]