WASHINGTON, Aug. 27 -- Office of Federal Procurement Policy has issued a rule called: Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds.
The rule was published in the Federal Register on Aug. 27 by William F. Clark, Director, Office of Government-wide Acquisition Policy, Office of Acquisition Policy, Office of Government-wide Policy.
Summary: OFPP, DoD, GSA, and NASA (collectively referred to as the Federal Acquisition Regulatory Council, or FAR Council) are issuing a final rule amending the Federal Acquisition Regulation (FAR) to further implement a statute, which requires an adjustment every five years of statutory acquisition-related thresholds for inflation. The adjustment uses the Consumer Price I...