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 Concerns (FAR Case 2020–007); amends the FAR to provide accelerated payments to contractors that are small businesses, contractors that subcontract with small businesses, and to small business subcontractors.
Required Actions
Small Business Program Amendments (FAR Case 2019-008); amends the FAR to implement various updates to SBA regulations related to: the timing of certain small business size determinations; exercising 8(a) contract option periods; the size standard for IT value-added resellers under NAICS 541519; and new grounds for socioeconomic status protests.
Required Actions