What the FFATA?

Adapted from “Data on Subcontracts – Where is it Found?” byDave Pease, New Hampshire PTAC in APTAC Newsblast — June 30, 2015

Forwarded by Rebecca Barbour, PTAC Counselor at NC State University

The Federal Funding and Accountability and Transparency Act (FFATA) was signed into law on September 26, 2006 with the intention of creating greater transparency in government spending by requiring government contractors and grantees to report their subcontractor awards. The reporting requirements were implemented over several years in three phases, starting with an initial reporting threshold of $20 million, dropping to $550,000 in 2010, and finally becoming $25,000 in March 2011.

Today, all prime contract holders regardless of business size are required to report any subcontracts over $25,000 in the FFATA Sub-award Reporting System (FSRS). Even small businesses that are exempt from subcontracting plans must submit their subcontract awards to FSRS unless their gross revenues from all sources are less than $300,000 per year, or their subcontractors gross revenues are less than $300,000 per year. The data reported is published in USASpending.gov where it is searchable and available for download. The available data on subcontracts has grown steadily since 2010, reflecting increased compliance with the reporting requirements.

Over $276 million in subcontract awards were reported for North Carolina firms in fiscal year 2014, and over $115 million have been reported so far for fiscal year 2015.  To conduct your own research in federal subcontract awards, visit www.usaspending.gov. For more information on reporting requirements and access to the report system, visit www.fsrs.gov. If you require additional assistance please contact your local PTAC counselor.

This entry was posted in Government Procurement (PTAC), PTAC blog. Bookmark the permalink.

Comments are closed.