Recently the Veterans’ Employment and Training Service (VETS) announced that the contract threshold requiring federal contractors to file the VETS-4212 Report was updated from $100,000 to $150,000. This increase is beginning with the 2016 filing period opening on August 1. The change is a result of the Federal Acquisition Regulation Council’s (FARC) review of the dollar threshold amounts in certain federal agency procurement related laws every five years in order to determine whether they need to be adjusted for inflation.
The VETS webpage for the 4212 Report states that while OFCCP’s regulations at 41 CFR 60 Parts 300 do not currently reflect the inflationary adjustment, the OFCCP has adopted the FAR Council’s adjusted threshold for determining whether a contractor is covered by the VEVRAA regulatory requirements. The webpage also states that for the 2016 filing year beginning on August 1, the filing threshold for contracts entered into prior to October 1, 2015 is still $100,000. For contracts entered into on or after October 1, 2015, the filing threshold will be $150,000. The VETS-4212 Report can be filed at: https://www.dol.gov/vets/vets4212.htm.
Please contact us by calling (732) 446-2529 or sending us an e-mail at email@example.com if you are interested in discussing the VETS-4212 Report.