National Institute of Standards and Technology Streamlined Award Closeout Initiative
ID: Closeouts_10222024Type: Special Notice
Overview

Buyer

COMMERCE, DEPARTMENT OFNATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGYDEPT OF COMMERCE NISTGAITHERSBURG, MD, 20899, USA

Original Source

https://sam.gov/opp/d7294ac8839b4c20b369685632880a81/view
Timeline
    Description

    The National Institute of Standards and Technology (NIST), part of the U.S. Department of Commerce, is initiating the Streamlined Award Closeout Initiative to efficiently close out a backlog of expired awards, including contracts and purchase orders that have surpassed their performance periods. This initiative aims to alleviate the burden on legacy acquisition and financial systems by implementing a quick process for closing out files associated with awards that have zero-dollar balances, thereby facilitating the transition to modernized financial and procurement systems. The closeout process is crucial for maintaining accurate records and ensuring compliance with federal regulations, while also protecting contractor rights under the Contract Disputes Act. For inquiries, interested parties can contact Biji John at biji.john@nist.gov or call 301-975-8567.

    Point(s) of Contact
    Biji John
    (301) 975-8567
    biji.john@nist.gov
    Files
    Title
    Posted
    SAM Notice OCT 22 .pdf
    The document presents a comprehensive list of vendors associated with various federal contracts, grants, and RFPs (Requests for Proposals) involving services primarily related to laboratory testing, consulting, calibration, and research. Each entry includes the vendor's name, associated contract numbers, award identifiers (PIIN), delivery order information, and expiration dates, providing a snapshot of contractual relationships within the federal procurement landscape. Key vendors documented include Laboratory Testing Inc., Carl Zeiss Microscopy LLC, and Prometheus Computing LLC, with varying contract types ranging from full contracts to task orders. Notably, several contracts are set to expire soon, indicating potential opportunities or challenges in contract renewals or replacements. The file reflects the breadth of federal acquisitions, emphasizing partnerships with small businesses and industry leaders. This document serves as a crucial resource for understanding the dynamics of federal contracting, facilitating oversight, and potentially guiding future RFP responses and grant applications, aligning vendors with government needs and timelines. Overall, it underscores the importance of contract management and vendor performance in public procurement processes.
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