Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds
other · US Department of Defense · Rule · Published 2020-10-02 · Effective 2020-10-01 · 85 FR 62485
Document
Document number
2020-21690
Federal Register citation
85 FR 62485
CFR reference
48 CFR 1
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2020-10-02
Effective date
2020-10-01
DOD docket
FAC 2021-01, FAR Case 2019-013, Docket No. FAR-2019-0013
Abstract
DoD, GSA, and NASA are issuing a final rule amending the Federal Acquisition Regulation (FAR) to further implement the statute which requires an adjustment every five years of statutory acquisition- related thresholds for inflation. The adjustment uses the Consumer Price Index for all urban consumers, and does not apply to the Construction Wage Rate Requirements statute (Davis-Bacon Act), Service Contract Labor Standards statute, and trade agreements thresholds. DoD, GSA, and NASA are also using the same methodology to adjust nonstatutory FAR acquisition-related thresholds in 2020.