“DoD, GSA, and NASA issued a final rule last month amending the Federal Acquisition Regulation (FAR) to implement regulatory changes made by the Small Business Administration, which provide governmentwide policy for partial set-asides and reserves, and for set-asides of orders for small business concerns under multiple-award contracts. This rule goes into effect March 30.”
“As part of the implementation of reserves of multiple-award contracts, the proposed rule removed the term ‘reserve’ in the FAR where it is not related to reserves of multiple-award contracts.
“These were the significant changes made in the final rule:
- Removal of the term ‘HUBZone order.’ This term has been removed throughout the final rule.
- Requirement to assign a North American Industry Classification System (NAICS) code. The final rule clarifies that NAICS code(s) must be assigned to all solicitations, contracts, and task and delivery orders, and that the NAICS code assigned to a task or delivery order must be a NAICS code assigned to the multiple-award contract. This clarification appears at FAR 19.102, with cross references in 8.404, 8.405-5, and 16.505.
- Requirement to assign more than one NAICS code and associated size standard for multiple-award contracts where a single NAICS code does not describe the principal purpose of both the contract and all orders to be issued under the contract…” Read the full article here.
Source: What You Need to Know About the New Small Business Reserves FAR Rule – March 9, 2020. Homeland Security Today.
