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The Federal Acquisition Regulation (FAR) Council recently issued its long-awaited final rule limiting the ability of civilian agencies to use the Lowest Price Technically Acceptable.
Introduction
On 25 January 2021 President Biden signed an executive order (EO) to direct more spending of the federal government s $600 billion procurement budget on American-made products, while rethinking the existing regulatory framework.
By narrowing the loopholes that allow government purchases of foreign products, increasing agency accountability and directing agencies to seek out US suppliers, the EO aims to revitalise the domestic manufacturing industry and create American jobs in furtherance of Biden s economic recovery plan, Build Back Better.(1)
Key points
The EO directs the Office of Management and Budget (OMB) and the Federal Acquisition Regulatory (FAR) Council, which assists in the direction and coordination of government-wide procurement regulatory activities, to:
When thinking about bid protests, it is helpful to first look at the basics: what is a bid protest, who can file a bid protest, when is a bid protest filed, and where is a bid protest.