What US Federal Acquisition Streamlining Act of 1994 (Public Law 103-355) - Simplified Acquisition and Commercial Items Procurement requires
The Federal Acquisition Streamlining Act of 1994 substantially restructured federal procurement law by raising the simplified acquisition threshold to one hundred thousand dollars, creating a preference for commercial item procurement under FAR Part 12 and limiting custom government clauses for commercial items, mandating use of past performance information in source selection, establishing electronic commerce in federal contracting through the Federal Acquisition Computer Network, requiring agency development of contract performance measures, and modernising small business participation in procurement.
Pillar: Public Sector & Government Procurement · Authority: United States Congress (Government Publishing Office) · Version: 1.0.0 · Last updated:
Primary source: https://www.govinfo.gov/app/details/PLAW-103publ355
SHA-256 integrity: b1affd60b821a6bf0d384b886fc2aa46613475062492a459ff95f656ad1a992b
Primary Citations — 8 traced to source
- Public Law 103-355 Federal Acquisition Streamlining Act enacted October 13, 1994 https://www.govinfo.gov/app/details/PLAW-103publ355
- United States Government Publishing Office enrolled text https://www.govinfo.gov/content/pkg/PLAW-103publ355/pdf/PLAW-103publ355.pdf
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