As the fiscal year draws to a close, it’s time to maximize your end-of-year spending.
This period presents both opportunities and challenges, especially in light of the 2024 NDAA and FAR regulatory updates. Understanding these changes is the key to compliance and contracting speed this quarter.
At Akima, we understand the complexities of federal procurement and are committed to helping agencies navigate these new regulations efficiently. Leverage our summary of the most impactful 2024 regulatory considerations to guide your end-of-year spending.
2024 NDAA and FAR Regulatory Updates
- National Defense Authorization Act (NDAA) 2024
This act introduces several provisions aimed at supporting small businesses, focusing on enhancing cybersecurity and promoting the responsible use of Artificial Intelligence (AI). - Federal Acquisition Regulations (FAR) 2024 Updates
These updates focus on increasing domestic content for defense procurements and other significant regulatory adjustments.
What These Regulations Mean for You
Understanding the impact of these changes is crucial for government agencies seeking to maximize procurement opportunities and ensure compliance.
Cybersecurity
The National Defense Authorization Act (NDAA) emphasizes the importance of cybersecurity, including the development of strategic programs. Guidelines have continued to evolve this summer, making cybersecurity a critical consideration for end-of-year spending.
Learn how we helped the Air Force support IT modernization and optimize their cybersecurity.
Artificial Intelligence (AI)
New NDAA guidelines align with increased cybersecurity measures that ensure data privacy and security, specifically in AI practices and AI development. Leveraging AI to enhance cyber defense systems may be one of the most efficient and compliant use cases for end-of-year spending.
Streamlined Procurement Processes and Small Business
The federal government is also pushing for efficient procurement, emphasizing small businesses. This primarily affects the Indefinite Delivery program and Indefinite Quantity (IDIQ) contracts.
Akima’s status as an Alaska Native Corporation allows for streamlined and efficient procurement utilizing 8(a) direct awards. For you, an average transition to full contract operations in as little as 30-60 days.
Learn more about 8(a) direct awards and the process for contract officers.
Akima and End-of-Year Spending
Akima has a proven track record of helping government agencies succeed in complex regulatory environments. Achieve your procurement goals and maximize your end-of-year spending by talking with Akima experts today.
