Regulation & law · 01/05/2018

DoD, GSA, and NASA Issue Final Rule to Update Federal Acquisition Regulation Threshold for Audit of Settlement Proposals

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) are implementing a new rule to increase the dollar threshold for auditing settlement proposals and subcontract settlements from $100,000 to match the threshold for obtaining certified cost or pricing data, as required by the Federal Acquisition Regulation (FAR)