Knowledge and Insights
Are You Complying with the New Procurement Standards Under Uniform Guidance?
For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement standards is one of the many areas that management and staff at all state, local and nonprofit entities need to review and understand, to be in compliance with the Uniform Guidance.
In the new Uniform Guidance, there are five general procurement standards: