Posted By Judy Bradt, Summit Insight,
Tuesday, November 02, 2010
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Government's best contract research tool just even got better...
thought I was hallucinating: when I was doing a federal contract data
search a few weeks ago, my query started pulling records based on a
company name. Well, it's supposed to do that...but the company I was
searching for wasn't ever a prime.
My search found them because they were a SUBCONTRACTOR. "That's nice," I thought. "What changed? When did primes start collecting and publishing subcontractor data?"
In fact: the Federal
Fiscal Accountability and Transparency Act (FFATA), passed in 2006, is
finally hitting its implementation dates.
This is all part of GSA's
Integrated Acquisition Environment project. Over the
next three years, IBM will consolidate nine different systems into a
single portal called SAM -- the System for Award Management.
- Since July 1st, federal prime contractors have been entering data on all subcontractors on contracts or task orders worth more than $20 million.
of October 1st, 2010, they have to report subcontracts under
federally-awarded contracts and orders valued at or above $550,000
- By March 1st 2011, USASpending.Gov will have subcontractor data for every prime contract and task order worth more than $25,000.