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Federal Acquisition Streamlining Act of 1994 information


The Federal Acquisition Streamlining Act of 1994 (S. 1587; Pub. L.Tooltip Public Law (United States) 103–355) is a United States law that was enacted in 1994 with the goal of lowering procurement barriers. This Act enables Simplified Acquisition Procedures where the procurement is limited, facilitates reliance of Commercial off-the-shelf (COTS) technology, and promotes the use of fixed-price Performance Based Contracting.

The law alters the United States government procurement strategy from lowest bid to best value. The Federal Acquisition Streamlining Act and the Federal Acquisition Reform Act of 1996 removed the traditional oversight mechanisms that had been in place for decades and paved the way for a new method of awarding federal government contracts. Contracts must meet 90% of their performance goals or face termination.

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Federal Acquisition Streamlining Act of 1994

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Acquisition Streamlining Act of 1994 as amended (PDF/details) in the GPO Statute Compilations collection Federal Acquisition Streamlining Act of 1994...

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Acquisition Management System

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252–266). (B) The Office of Federal Procurement Policy Act (41 U.S.C. 401 et seq.). (C) The Federal Acquisition Streamlining Act of 1994 (Public Law 103–355)...

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System for Award Management

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reform its acquisition processes. Subsequently, the Federal Acquisition Streamlining Act of 1994 was passed, requiring the establishment of a "single face...

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Simplified Acquisition Procedures

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was authorized by the Federal Acquisition Streamlining Act of 1994 (FASA), and expanded by the Federal Acquisition Reform Act of 1996. The procedures were...

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Government procurement in the United States

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more effective manner to prevent antitrust violations". Federal Acquisition Streamlining Act of 1994 (FASA) Pub. L. No. 103-355, 108 Stat. 3243 10 U.S.C....

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National Partnership for Reinventing Government

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including the Federal Acquisition Streamlining Act of 1994, the Federal Acquisition Reform Act of 1995, and the Clinger-Cohen Act in 1996. In a September...

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American Stores

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the Federal Trade Commission. Due to the mandated sale of stores, the acquisition took nearly a year to complete. In June 1999, the acquisition was complete...

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Lockheed Martin

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Acquisitions, and Corporate Restructurings (5th ed.). Hoboken, NJ: John Wiley & Sons. p. 114. ISBN 978-0-470-56196-6. Lynch, Jack (August 30, 1994)....

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Microsoft

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original on July 11, 2015. Retrieved July 8, 2014. "Microsoft announces streamlining of smartphone hardware business" (Press release). Archived from the original...

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Trustee Savings Bank

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requiring a lot of overtime. The savings banks' administration was thus antiquated and time-consuming. They needed modernization and streamlining.[citation...

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WestJet

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Airlines was acquired by Kestrel Bidco Inc., a subsidiary of Onex Corporation. This acquisition resulted in WestJet transitioning from a publicly traded...

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List of executive actions by Donald Trump

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via National Archives. Office of the Federal Register (September 13, 2017). "Order Regarding the Proposed Acquisition of Lattice Semiconductor Corporation...

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US Foods

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at the time of the acquisition that he hoped to use Stock Yards' expertise to streamline and standardize the meat cutting operations of US Foods. US...

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List of bills in the 117th United States Congress

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The bills of the 117th United States Congress list includes proposed federal laws that were introduced in the 117th United States Congress. The United...

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Defense Logistics Agency

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services and supports their acquisition of weapons, fuel, repair parts, and other materials. The agency also disposes of excess or unusable equipment...

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Kathy Hochul

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endorsed her for her positions on preserving Medicare and her record of streamlining government. Hochul defeated Corwin 47% to 42%, with Davis receiving...

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List of bills in the 113th United States Congress

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The bills of the 113th United States Congress list includes proposed federal laws that were introduced in the 113th United States Congress. This Congress...

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HCA Healthcare

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in the payment of more than $2 billion in federal fines and other penalties, and the dismissal of the CEO Rick Scott by the board of directors. Hospital...

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Bankruptcy

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Corporations Act 2001. If a person commits an act of bankruptcy, then a creditor can apply to the Federal Circuit Court or the Federal Court for a sequestration...

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PayPal

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PayPal President; Marcus joined PayPal in August 2011 after its acquisition of Zong, of which he was the founder and CEO. David Marcus succeeded Scott...

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Credit Suisse

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October 2012. Tagliabue, John (29 November 1996). "Taking the Challenge of Streamlining Credit Suisse". The New York Times. pp. D9, D14. Archived from the...

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