GSA Announces Change in Contract Requirements under MAS Solicitations
On February 24, 2021, the US General Services Administration (GSA) issued a memorandum for all GSA contracting activities announcing the waiver of experience and annual financial statement requirements under the Multiple Award Schedule (MAS) solicitation due to the COVID-19 pandemic. Effective immediately, MAS solicitation provision SCP-FSS-001, Instructions Applicable to All Offerors, changes the corporate experience…
FAR-based Government Contract Offsets for PPP Loans
By Paul H. Calabrese, Principal, Outsourced Accounting & Advisory Services If you are a government contractor with a FAR-based government contract and received a PPP loan, regardless of whether it is forgiven, FAR 31.201-5 – Credits may require you to take an offset against cost incurred under certain circumstances. Now is the time to consider…
2021 New Year’s Resolution: CMMC Preparedness
The Office of the Under Secretary of Defense for Acquisition and Sustainment (OUSD A&S) introduced the Cybersecurity Maturity Model Certification (CMMC) in January 2020 as a unified cybersecurity standard for new Department of Defense (DoD) acquisitions. Combining NIST and other cybersecurity frameworks, CMMC is intended to measure cybersecurity maturity using a unified framework that includes…