We previously announced on October 14, 2015, that the Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) would begin imposing new requirements for purchases above $150,000 following two initial grace periods that were scheduled to end on June 30, 2017.
It was recently announced in the Federal Register that a third year has been added to the grace period. Thus, the following will not be required until July 1, 2018:
For purchases over $150,000 using federal funds:
- An independent cost/price estimate prior to receiving proposals/bids/quotes;
- Public advertising; and
- Sealed bidding.
In an effort to simplify the public advertising and sealed bidding requirements, we have been working with CommercePoint, Inc. (“SuperQUOTE”) to create a new RCUH buyer account that can fully meet these requirements. Once in place, the RCUH buyer account will offer a sealed bidding option, and will also publicly advertise solicitations posted as a “Sealed Bid.” Details regarding the new SuperQUOTE RCUH buyer account will be forthcoming.
Questions may be directed to Erin H. Yoda at 808-956-3969 or email@example.com.