SFFORMS.COM – SF 281 Form – Federal Procurement Data System (FPDS) Summary Contract Action Report ($25,000 or Less) – The Federal Procurement Data System (FPDS) is a computer database that houses information on federal contracts worth $25,000 or less. FPDS provides contractors, government agencies, and the general public with access to contract information, as well as contract data. The database is updated daily and contains basic contact information such as contract number, contract type, contractor name, and amount awarded. Contractors can also use FPDS to find government contracts they are eligible to bid on.
Download SF 281 Form – Federal Procurement Data System (FPDS) Summary Contract Action Report ($25,000 or Less)
| Form Number | SF 281 Form |
| Form Title | Federal Procurement Data System (FPDS) Summary Contract Action Report ($25,000 or Less) |
| File Size | 909 KB |
| Date | 10/2000 |
What is an SF 281 Form?
The SF 281 form is a document used by federal agencies to report their procurement actions. Specifically, it is used to summarize contract actions that are worth $25,000 or less. The form provides information about the vendor, the type of contract action, and the amount of money involved.
The SF 281 form is an important tool for government agencies as it allows them to track and manage their spending. By requiring agencies to report all of their procurement actions in a standardized format, the government can ensure that its resources are being used efficiently and effectively. This information is also useful for businesses who want to work with the government as it helps them understand how contracts are awarded and what types of opportunities are available.
Overall, the SF 281 form plays a crucial role in federal procurement by providing transparency into government spending and helping agencies make informed decisions about how they allocate their resources. While it may seem like a small piece of paperwork, its impact on the larger procurement process cannot be overstated.
What is the Purpose of the SF 281 Form?
The SF 281 form serves an important purpose in the federal government procurement process. Specifically, this form provides a summary report of all contract actions that are valued at $25,000 or less. The data collected on this form is used to maintain a comprehensive database of federal procurement activity known as the Federal Procurement Data System (FPDS).
By collecting and tracking data on small-scale contract actions, the SF 281 form helps government agencies identify trends and patterns in their procurement processes. This information can be used to make informed decisions about how resources are allocated and contracts are awarded.
Furthermore, the SF 281 form is required by law for all federal agencies that engage in procurement activities. Failure to comply with reporting requirements can result in penalties and fines for noncompliance. As such, proper completion of this form is essential for any organization involved in federal contracting activities.
Where Can I Find an SF 281 Form?
The SF 281 Form is a document required by the Federal Procurement Data System (FPDS) for summarizing contract actions that are below $25,000. It is used to report on various procurement transactions, including orders, modifications, and other contract actions. If you are a government contractor or supplier who has received an order or performed work under a federal contract that meets the criteria for reporting to FPDS, you will need to complete this form.
To find an SF 281 Form, you can visit the official website of the General Services Administration (GSA), which provides access to various forms related to government contracting. You can also search for it online using search engines like Google or Bing. Many third-party websites offer free templates of this form that you can download and use as needed.
It is important to note that while many websites offer downloadable versions of this form, not all of them may be up-to-date or accurate. Therefore, it is recommended that you obtain a copy directly from the GSA website or consult with legal counsel before submitting any reports to FPDS.
SF 281 Form – Federal Procurement Data System (FPDS) Summary Contract Action Report ($25,000 or Less)
The SF 281 Form or the Federal Procurement Data System (FPDS) Summary Contract Action Report is a document that summarizes all contract actions over $25,000. However, for contracts under $25,000, the SF 281 Form has to be filled to provide information on the awarded contracts. This report is essential for federal agencies as it provides them with a snapshot of small purchases and helps them track their procurement activities.
The SF 281 Form collects data such as the name of the supplier or contractor, contract type and purpose, amount paid to date for contracts that have been awarded but not yet completed, delivery dates or performance schedules, funding sources used for each contract action and more. The report also includes information about subcontractors involved in each contract action.
Moreover, this report helps agencies monitor their compliance with Small Business Administration regulations that require at least 23 percent of prime contracting dollars go to small businesses. If an agency fails to meet its goal or does not submit accurate reports on time may face penalties from Congress or regulatory bodies. Therefore filling out this form accurately is crucial in avoiding any legal liability issues later on.
SF 281 Form Example
