The Office of Management and Budget (OMB) issued an addendum to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) on May 17, 2017. The amendment allows nonfederal entities an additional year to implement the Uniform Guidance requirements related to procurement. These procurement standards were previously on a delayed implementation timeframe, and this extension allows an additional year. Therefore, the new standards will apply starting with fiscal years beginning on or after Dec. 26, 2017.
The procurement standards also require entities that choose to utilize the extension to document this decision. We recommend this documentation be maintained within the entity’s federal grants management policy and procedure files.
Additional information on the Uniform Guidance procurement standards can be found in the article Understanding procurement changes to OMB Uniform Guidance. Visit Baker Tilly’s Uniform Guidance Resource Center for more information.
Compliance with federal procurement standards is a critical part of federal grants management. For more information, procurement implementation assistance or to learn how Baker Tilly Uniform Guidance specialists can help, contact our team.