US Implements Changes to Buy American Act Regulations

US’s Federal Acquisition Regulatory Council published on January 19, 2021 the final rule amending the Federal Acquisition Regulation in accordance with
US Implements Changes to Buy American Act Regulations
Buy American ActContracting Education Academy

US’s Federal Acquisition Regulatory Council published on January 19, 2021 the final rule amending the Federal Acquisition Regulation in accordance with President Trump’s Executive Order 13881, Maximizing Use of American-Made Goods, Products, and Materials. Accordingly, the final rule amends applicable FAR clauses with three key impacts:

Increasing the domestic content requirement to 55% for most products, and to 95% for products consisting wholly or predominantly of iron or steel, or a combination of both (

Removing the commercially available-off-the-shelf exception for products consisting wholly or predominantly of iron or steel, or a combination of both but leaving a partial exception in place for COTS fasteners made wholly or predominantly of iron or steel

Increasing price preferences for domestic products from 6% to 20% for large businesses, and from 12% to 30% for small businesses

The final rule and the new FAR clauses are effective almost immediately on January 21, 2021

No stories found.
SteelGuru Business News
www.steelguru.com