E&B Alert 2.5.2010 |
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Significant Increases to FAR Dollar Thresholds Under Proposed Rule Thresholds that would be increased by the proposed rule include: ? Increasing the Simplified Acquisition Threshold from $100,000 to $150,000 (FAR 2.201); ? Increasing the Cost and Pricing data threshold from $650,000 to $700,000 (FAR 15.403-4); and ? Increasing the prime contractor Subcontracting Plan floor from $550,000 to $650,000, and the Construction Threshold from $1,000,000 to $1,500,000 (FAR 19.702). Notably, the micro-purchase threshold of $3,000 (FAR 2.101) would not be changed. The proposed increases are based on a projected CPI of 222 as of April 2010. If the CPI turns out to be higher, additional adjustments will be made to the increases set forth in the current version of the proposed rule. To see a complete list of the affected thresholds, visit www.regulations.gov and search for "FAR Case 2008-024." Comments regarding the proposed amendment may be submitted through www.regulations.gov. The deadline for submitting comments is April 5, 2010. For further information regarding the proposed rule, please contact Mark Blando at (612) 236-0160 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Click here for upcoming government contracting events. The law firm of Eckland & Blando LLP was founded to serve the needs of corporations, partnerships and individuals based in the Upper Midwest who do business with government agencies at all levels. We are the only law firm in the region that devotes its practice to government procurement law and related forms of dispute resolution with government agencies. Your Midwest Connection to the World of Government Contracts This article is intended for general information purposes only. It should not be construed as legal advice or a legal opinion on any specific facts or circumstances. An attorney-client relationship is not created by reading this article. Attorneys of Eckland & Blando LLP will be pleased to provide further information regarding the matters discussed herein. |
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