In this week’s MMC Consulting #FARFRIDAY Newsflash, we’re highlighting critical updates shaping federal procurement, as reported by Federal News Network. The Office of Federal Procurement Policy (OFPP) is driving changes that prioritize small business empowerment, transparency, and integrity. Here’s what you need to know:
- Empowering Small Business Subcontracting: OFPP is intensifying its focus on prime contractors to ensure meaningful subcontracting opportunities for small businesses. This initiative strengthens supply chain resilience while driving diversity in the federal marketplace.
- Standardized Procurement Forecasts: New directives require agencies to standardize procurement forecasts, improving transparency and enabling small businesses to identify and prepare for upcoming opportunities with greater confidence.
- Proposed Procurement Threshold Increases: Key thresholds are poised to rise, with the micro-purchase threshold moving to $15,000 and the simplified acquisition threshold to $350,000. These changes aim to expand the playing field for small businesses.
- Addressing Fraudulent Solicitations: The GSA Inspector General is warning of an uptick in fake requests for quotes, urging contractors and federal agencies to remain vigilant to safeguard the procurement process.
These updates reflect a significant push towards greater equity, efficiency, and accountability in federal acquisition—a mission MMC Consulting supports through our commitment to acquisition excellence and small business advocacy.
How will these changes shape your federal contracting strategies? Let’s discuss!
#FARFRIDAY #Newsflash #FederalAcquisition #MMCConsulting #SmallBusinessOpportunities #AcquisitionExcellence
