Overview
This section establishes the requirement for executive agencies to publicly report unclassified contract actions to the Federal Procurement Data System (FPDS) to ensure transparency in federal spending. It outlines the scope of reporting requirements, including thresholds, interagency acquisition procedures, and the treatment of different funding sources.
Key Rules
- Public Transparency: Pursuant to the Federal Funding Accountability and Transparency Act of 2006, all unclassified federal award data must be accessible to the public.
- Reporting Thresholds: Agencies must report all unclassified contract actions exceeding the micro-purchase threshold, as well as any modifications that change previously reported data, regardless of the modification's dollar value.
- Interagency Acquisitions:
- Reports must identify the specific Program/Funding Agency and Office Codes for the entity providing the majority of the funding.
- In assisted acquisitions, the requesting agency (not the servicing agency) receives the socioeconomic credit toward small business goals.
- Appropriate bureau codes must be included in the written interagency agreement.
- Mixed Funding: For contract actions funded by a mix of appropriated and non-appropriated funds, only the appropriated portion is reported in FPDS.
Practical Implications
- Data Integrity: Contracting Officers must ensure timely and accurate FPDS entries, as this data is the primary source for public scrutiny and Congressional oversight of federal spending.
- Interagency Coordination: When one agency awards a contract on behalf of another, they must formalize the exchange of funding and office codes early in the process to ensure the correct agency receives credit for small business achievements.