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FAC 2023-03 Effective 5/26/2023

Federal Acquisition Circular (FAC) 2023-03 was issued today and includes the following final rules effective 5/26/2023:


FAR Case 2020-002, Exemption of Certain Contracts from the Periodic Inflation Adjustments to the Acquisition-Related Thresholds, amends FAR to implement a section of the FY22 NDAA to exempt the thresholds for performance and payment bonds from the periodic adjustments for inflation under 41 U.S.C. 1908, ensuring continued payment protections to small businesses. (Permalink: https://www.federalregister.gov/documents/2023/04/26/2023-08198/federal-acquisition-regulation-exemption-of-certain-contracts-from-the-periodic-inflation)


FAR Case 2023-03, Removal of FAR Subpart 8.5 Acquisition of Helium, implements the statutory expiration of the Federal Helium System IAW the Helium Stewardship Act of 2013, which required DOI (through BLM) to offer helium for action or sale on an annual basis. Federal In-Kind users are now required to seek new sources of helium on the open market. (Permalink: https://www.federalregister.gov/documents/2023/04/26/2023-08197/federal-acquisition-regulation-removal-of-far-subpart-85-acquisition-of-helium)


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