Update Your Contractor ID? Feds Want to Keep Asking Nicely
Published Date: 3/13/2025
Notice
Summary
The government is asking to keep collecting some important info from businesses working with federal contracts, with a small update to how they handle company ID codes. This affects companies that want to work with the government and helps keep things running smoothly. No big changes in cost or timing, just making sure the rules stay clear and up-to-date.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Continued FAR Part 4 Data Collection
The Defense Department, GSA, and NASA asked the Office of Management and Budget to extend an existing information collection under Federal Acquisition Regulation (FAR) part 4 so businesses working on federal contracts must continue providing required business information. This request is submitted under the Paperwork Reduction Act and the agencies state there are no big changes in cost or timing.
Update to Company ID Code Rules
The agencies proposed a small revision to address existing Commercial and Government Entity company code requirements for firms that do business with the federal government, updating how company ID codes are handled. The agencies describe this as a minor update intended to keep the rules clear and up-to-date and say it should not materially change costs or timing for affected companies.
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Key Dates
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