Good morning FUN with the FAR Friends!
Thank you for joining us for another great episode of FUN with the FAR! Episode 13 covered: FAR PARTS 19 AND 26. As a follow-up to Wednesday’s session, here are a few facts to ponder as we prepare for our next session of Fun with the FAR:
DID YOU KNOW?
The amount of damages attributable to the contractor’s failure to comply with its proposed small business subcontracting goals is the total amount equal to the actual dollar amount by which the contractor failed to achieve each subcontracting goal. FAR 19.705-7(b).
DID YOU KNOW?
SBA is the prime under an 8(a) contract. FAR 19.8. SBA may not accept for negotiation a sole- source 8(a) contract that exceeds $22 million unless the requesting agency has completed a justification. FAR 19.808-1(a).
DID YOU KNOW?
The Indian Incentive Program allows an incentive payment equal to 5% of the amount paid to a subcontractor in performing the contract, if the contract so authorizes and the subcontractor is an Indian organization or Indian-owned economic enterprise. FAR 26.102.
DID YOU KNOW?
An executive agency and any contractor making food donations to a non-profit organization shall be exempt from civil and criminal liability to the extent provided under the Bill Emerson Good Samaritan Food Donation Act. FAR 26.404 and FAR 52.226-6.