After our post regarding the FAR Service Contracts Reporting (SCR) requirement on 10/22/14, we received several great questions. We’ve posted a few common SCR questions and answers below.
Reminder: All federal contractors and first-tier subcontractor providing services, including GSA Schedule Holders, with service contracts that contain FAR clauses 52.204-14 or 52.204-15, are required to complete Service Contracts Reporting through the System for Award Management (SAM) before 10/31/14. SCRs are required for these thresholds: 1) Cost-reimbursement, time-and-materials, labor-hour service contracts and/or orders with a “Base and All Options Value” at or above the simplified acquisition threshold of $150,000, and 2) …read more
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