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If FAR Part 13, simplified acquisition is used, then a contracting officer can select from a range of processes including Government Purchase Card (GPC) for purchases under the micro-purchase threshold (see definition section of FAR for current value (for example, in U.S., it is currently $2,500), simplified acquisition threshold (see FAR ...
[2] [3] For the Department of Defense the threshold is higher for acquisitions "to support a contingency operation or defense against or recovery from nuclear, biological, chemical, or radiological attack". Below the micro-purchase threshold, generally $10,000, purchases may be awarded in the absence of competitive quotes "if the contracting ...
A Contracting Officer (often abbreviated as KO in the US Army [1] or CO in the US Air Force [2]) is a person who can bind the Federal Government of the United States to a contract which is greater in value than the federal micro-purchase threshold ($10,000 for supplies, in most circumstances). [3]
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, [1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies.
Title 2 of the Code of Federal Regulations (2 CFR), titled Grants and Agreements, is a United States federal-government regulation.. As of the January 1, 2022 revision, Title 2 comprises two subtitles: Subtitle A, Office of Management and Budget Guidance for Grants and Agreements, [1] and Subtitle B, Federal Agency Regulations for Grants and Agreements.
These records must: (i) Be supported by a system of internal control which provides reasonable assurance that the charges are accurate, allowable, and properly allocated; [2 CFR § 200.430 (i)] [5] Documenting time worked on federally funded activities is commonly referred to as Time and Effort Reporting. [6] [7]
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
2: II: 200-399: Fiscal Service, Department of the Treasury IV: 400-499: Secret Service, Department of the Treasury 3: V: ... Title 31 of the Code of Federal Regulations.