Effective 8/31/20 there are two new funding thresholds for federal contractors to be aware of.
1) The micro-purchase threshold (MPT) is raised from $3,500 to $10,000.
2) The increase of the Simplified Acquisition Threshold (SAT) from $150,000 to $250,000.
The proposed rule effecting this change, published October 2, 2019, permitted agencies to issue deviations to the MPT and SAT to increase the thresholds. This final rule changes the FAR definitions for these terms found at FAR 2.101.
General Services Administration unveiled an interim rule on June 30, 2021, requiring the “immediate owners” of high-security space rented to the federal government to disclose foreign ownership.
GSA extends moratorium on the enforcement of the minimum sales requirements of FAS clause I-FSS-639, Contract Sales Criteria, to September 30, 2021
GSA develops the Verified Products Portal (VPP), for manufacturers and wholesalers to provide product content for commercial off-the-shelf (COTS) products.