Exploring the Revised Procurement Standards

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Description

Exploring the Revised Procurement Standards

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The Uniform Guidance (2 CFR 200) is revised effective November 12, 2020.  The greatest changes occur to the procurement standards and particularly he methods of procurement.  A delineation between the informal and formal procurement processes is the threshold for competition.  The ability to increase the Micro Purchase Threshold (MPT) and limitation on the Simplified Acquisition Threshold (SAT) requires a careful look at this OMB update to the Uniform Guidance.

Basic Course Information

Learning Objectives

  • Understand the critical updates to the Uniform Guidance
  • Compare the precise language changes for the various policies and procedures
  • Learn the key updates organized by each revised topic
  • Ability to take action to enhance an organization’s existing procedures to conform to this important update

Major Subjects

  • New and revised definitions
  • New cost principle
  • New prohibitions
  • New procurement preferences
  • New approach to determining the MPT and SAT based on risk and internal controls
  • Defining the “floor” for the monetary level for sole source procurements
  • The flexibility that no “one-size-fits-all” procurement standards

Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients: nonprofits, universities, hospitals, and state/local/tribal units of governments. His skill-set involves: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, developed policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. Paul has developed grant and financial statement dashboards. He has performed out-sourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.

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Exploring the Revised Procurement Standards

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