Inflation. A word no one likes, but it is something that is currently impacting nearly every facet of our lives. Gas prices continue to rise, grocery costs are through the roof, and everyday living expenses are taking more hard-earned money from our country’s workers than ever before. However, consumers are not the only ones feeling the effects. Costs and expenses of running a business have increased dramatically as well, and those in the federal contracting world are no exception. Questions from both contractors and contracting officers (CO) prompted the Department of Defense (DOD) release new guidance on May 25, 2022, conveying how it plans to handle inflation through economic price adjustments (EPA) as well as when the use of EPAs is appropriate. However, the guidance also discourages flexibility for increased costs based on inflation.
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SmallGovCon Week in Review: May 16-20, 2022
Happy Friday, Readers! We’ve been as busy as bees this week here at SmallGovCon. We hope you have had a productive week, as well. The flowers are blooming, the crops are growing and the grass is greening up nicely here in Kansas. Here are a few articles on the happenings in federal government contracting this week. Have a great weekend!
Continue readingSmallGovCon Week in Review: April 25-29, 2022
Happy Friday, Readers! It’s time for another addition of the Week in Review. This week saw a lot of interesting updates, including lots of programs for small business owners, a little news on CMMC, and some new initiatives to help contractors navigate the federal marketplace.
Catch up on all the latest, and enjoy the weekend!
Continue readingSmallGovCon Week in Review, April 18-22, 2022
Happy Friday, Readers! I hope you had a very productive week. It’s hard to believe that we are almost through the month of April already and It won’t be long before the kids are out of school. Parents get ready!!!
The world of federal government contracting just seems to get busier and busier. This week there were several articles on the Pentagon’s budget increasing for AI capabilities and the implementation of Buy American Preference for infrastructure. We’ve also included a few cautionary tales on why it’s a terrible idea for contractors, or anyone else, to try to defraud the federal government. Enjoy and have a great weekend!
Continue readingSmallGovCon Week in Review: March 28-April 1, 2022
Happy April 1st, everyone! In honor of April Fools’ Day, here are some noteworthy pranks over the years. In 1957, the BBC reported that Swiss farmers were experiencing a record spaghetti crop and showed footage of people harvesting noodles from trees. In 1985, Sports Illustrated writer George Plimpton tricked many readers when he ran a made-up article about a rookie pitcher named Sidd Finch who could throw a fastball over 168 miles per hour. And in 1996, Taco Bell, the fast-food restaurant chain, duped people when it announced it had agreed to purchase Philadelphia’s Liberty Bell and intended to rename it the Taco Liberty Bell.
So be careful out there, readers, and don’t be fooled! But it’s no joke that there have been some important federal contracting updates this week, including a bipartisan bill introduced in Congress that would tighten contractor oversight related to conflicts of interest and increasing use of large sole-source 8(a) awards. Have a great weekend!
Continue readingSmallGovCon Week in Review: March 21-25, 2022
Happy Friday, Readers. It’s been an exciting March Madness so far and we are looking forward to our hometown Kansas Jayhawks basketball game later today. There have been some major upsets and we are hoping the Jayhawks can hang in there on the road to the championship. Fingers and toes are crossed.
This week in federal contracting there were several announcements such as the Senate passing a 2022 Federal spending bill and the Department of Labor Announcing a Proposed Rule for Modifying Procedures to Identify, Remedy Discrimination in Federal Contracting. You can read more about these announcements and a few other noteworthy articles below. Have a great weekend!
Continue readingOther Transaction Authority? What Other Transaction Authority? – A Look at OTA
Ah, the Federal Acquisition Regulations, or FAR. Quite numerous and complex, yes, but they provide a standardized set of rules and procedures that govern federal government procurements. Regardless of what contract you’re dealing with (other than a few exceptions such as the FAA, which is not subject to the FAR), you can be sure that the rules of the FAR govern it.
Unfortunately, that last statement is not true.
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