Simplified Acquisition Threshold applies to purchases over $3,000 and under $150,000. If the purchases under $100,000 require less approval and less documentation involved in the purchase. On April 25, 2012, the Office of Management and Budget for the Executive Office...
Meteorologists are calling the Colorado flood a “1000 Year Flood” due to the 0.1 percent chance of it happening over the course of a millennium. In nearly four days, FEMA has collected $4.3 million in relief funds. A portion...
Cryogenic Engineering is a field of study that only few individuals are knowledgeable due to its complexity. David-John Roth is the nation's leading expert in cryogenic engineering and cryogenic safety training. Roth, a graduate of the Colorado School of Mines...
As we move closer and closer to the end of the fiscal year, procurement officers are about to spend truck loads of money to hit their spending quotas. Many procurement officers rush to spend the last of their budgets. This...
Woman-owned small businesses in the 2013 fiscal year have been pulling in contract after contract due to small business set-aside initiative. The Federal Acquisition Regulations (which contains over 2,200 pages of government rules) states very clearly that 23% of all...
Over the last 5 years, the federal government has spent around $540 billion each year towards federal government contracts, according to data on the USA Spending website. As the fiscal year closes, many procurement officers rush to spend the last of...
he Small Business Administration announced recently that our government just missed their overall23% goal of small business contracting. The SBA claims that 22.5% was devoted to small business contracting, which was an increase from last year’s 21.54% in 2011. However, organizations like theAmerican Small Business League claim that these figures are fabricated, and millions of dollars are actually still illegally being awarded to large corporations. Fact or fiction?
The Taxpayer Identification Number (TIN) validation process in System for Award Management (SAM) with the IRS ensures that TIN information is correctly entered for the entity. This improves the accuracy of data for the agencies in processing payments to entities...
According to the Office of the Press Secretary, President Obama signed into effect a disaster declaration for the state of Oklahoma. The disaster declaration demanded federal aid for state and local recovery efforts to the areas affected by the Oklahoma...
