Best Free Research Gets Better By The Minute
I thought I was hallucinating: when I was doing a federal contract data search a few weeks ago, my query started pulling records based on a company name. Well, it's supposed to do that...but the company I was searching for wasn't ever a prime.
My search found them because they were a SUBCONTRACTOR. "That's nice," I thought. "What changed? When did primes start collecting and publishing subcontractor data?" But I got busy and nobody else was pestering me for the answer.
Yesterday, I found out -- or, rather, was reminded! I'd forgotten that the Federal Fiscal Accountability and Transparency Act (FFATA), passed in 2006, is finally hitting its implementation dates.
- Since July 1st, federal prime contractors have been entering data on all subcontractors on contracts or task orders worth more than $20 million.
- As of October 1st, 2010, they have to report subcontracts under federally-awarded contracts and orders valued at or above $550,000
- By March 1st 2011, USASpending.Gov will have subcontractor data for every prime contract and task order worth more than $25,000.
More about that soon!