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Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA).
Summary presentation of a final rule.
This document summarizes the Federal Acquisition Regulation (FAR) rule agreed to by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) in this Federal Acquisition Circular (FAC) 2021-01. A companion document, the Small Entity Compliance Guide (SECG), follows this FAC.
For effective date see the separate document, which follows.
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FOR FURTHER INFORMATION CONTACT:
Mr. Michael O. Jackson, Procurement Analyst, at 202-208-4949 or Michaelo.firstname.lastname@example.org for clarification of content. For information pertaining to status or publication schedules, contact the Regulatory Secretariat Division at 202-501-4755. Please cite FAC 2021-01, FAR Case 2019-013.
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Rule Listed in FAC 2021-01
|Inflation Adjustment of Acquisition-Related Thresholds||2019-013|
The FAC, including the SECG, is available via the internet at https://www.regulations.gov.
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A summary for the FAR rule follows. For the actual revisions and/or amendments made by this FAR case, refer to the specific subject set forth in the document following this summary. FAC 2021-01 amends the FAR as follows:
Inflation Adjustment of Acquisition-Related Thresholds (FAR Case 2019-013)
This final rule amends the Federal Acquisition Regulation (FAR) to further implement 41 U.S.C. 1908. Section 1908 requires an adjustment every 5 years (in years evenly divisible by 5) of statutory acquisition-related thresholds for inflation using the Consumer Price Index for all urban consumers, except for the Construction Wage Rate Requirements statute (Davis-Bacon Act), Service Contract Labor Standards statute, and trade agreements thresholds (see FAR 1.109). DoD, GSA, and NASA are also using the same methodology to change nonstatutory FAR acquisition-related thresholds for adjustment in 2020. This final rule will not have a significant economic impact on a substantial number of small entities.
William F. Clark,
Director, Office of Government-wide Acquisition Policy, Office of Acquisition Policy, Office of Government-wide Policy.
Federal Acquisition Circular (FAC) 2021-01 is issued under the authority of the Secretary of Defense, the Administrator of General Services, and the Administrator of National Aeronautics and Space Administration.
Unless otherwise specified, all Federal Acquisition Regulation (FAR) and other directive material contained in FAC 2021-01 is effective October 2, 2020 except for FAR Case 2019-013, which is effective October 1, 2020.
Linda W. Neilson,
Director, Defense Acquisition Regulations System Department of Defense.
Jeffrey A. Koses,
Senior Procurement Executive/Deputy CAO, Office of Acquisition Policy, U.S. General Services Administration.
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William G. Roets, II,
Acting Assistant Administrator, Office of Procurement, National Aeronautics and Space Administration.
[FR Doc. 2020-21689 Filed 10-1-20; 8:45 am]
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