DoD, GSA, and NASA Propose Inflation Adjustments to Acquisition-Related Thresholds in Federal Acquisition Regulation

Summary

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) are proposing to update the Federal Acquisition Regulation (FAR) to reflect inflation adjustments to statutory acquisition-related thresholds, which will apply to existing contracts and subcontracts in effect as of the proposed adjustment date.