Non-Substantive Change Request for
Standard Form 294 (Information Collection 9000-0007)
By issuing FAR case 2019-013, DoD, GSA, and NASA have amended the Federal Acquisition Regulation (FAR) to further implement 41 U.S.C. 1908, Inflation adjustment of acquisition-related dollar thresholds.
This statute requires an adjustment every five years of acquisition-related thresholds for inflation using the Consumer Price Index for all urban consumers, except for the Construction Wage Rate Requirements statute (Davis-Bacon Act), Service Contract Labor Standards statute, and trade agreements thresholds.
This, in turn, will change Standard Form 294, specifically. In the General Instructions of the form, General Instruction number 3 has been amended by:
Removing from 3(a): $700,000 (over $1.5 million for construction of a public facility), and adding: the applicable thresholds found at 19.702(a), in its place.
DoD, GSA, and NASA are also using the same methodology to adjust non-statutory FAR acquisition-related thresholds in 2020.
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
Author | NicoleDBynum |
File Modified | 0000-00-00 |
File Created | 2021-01-13 |