DoD, GSA, and NASA Issue Final Rule on Inflation Adjustments to Acquisition-Related Thresholds

Summary

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) have published a final rule to update the Federal Acquisition Regulation (FAR) and apply inflation adjustments to statutory acquisition-related thresholds for existing contracts and subcontracts, effective as of January 1, 2024.