441 - Purchasing and Procurement Principles

(Editor’s note: The following tab has been updated to reflect provisions within the 2024 revisions to the uniform guidance (2 C.F.R. Part 200), which is effective for awards issued on or after Oct. 1, 2024. Subscribers seeking analysis on awards received prior to that date that follow the 2020 version of the uniform guidance should refer to this section within the attached PDF here.) Specifically identifying what is considered a “sound procurement practice” can be deceptive because it can be measured by a handful of fundamental principles or by a large and complex collection of day-to-day procedures. For nonprocurement professionals, a basic awareness of the fundamental… Read More