Grace Period Extension for UG Procurement Standards

By Jeremy “Hank” Farrah


Trying to update your procurement policies and procedures to be in compliance with the Uniform Guidance (UG) got you down? Well I have some good news for you! On May 17, 2017 the Office of Management and Budget (OMB) issued a correcting amendment to the UG in the Federal Register. This amendment added an additional one year grace period for non-Federal entities to implement changes to their procurement policies and procedures in accordance with the UG procurement standards in 2 CFR 200.317 through 200.326. This means the grace period extends through Christmas 2017 (how festive of OMB!), and the implementation date for the procurement standards will start for fiscal years beginning on or after December 26, 2017 (fiscal year ended December 31, 2018). If you choose to use previous procurement standards before adopting the UG procurement standards, you must document this decision in your internal procurement policies.

Wednesday, May 31, 2017