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Why Do We Vet Our Suppliers?

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At JetCo Federal, our supply chain is composed of highly-qualified small manufacturers who are committed to providing the best quality products. Our manufacturers are badass at their jobs, but before they can work with us, they must be vetted. Why? It’s simple:

Quality and diversity.

Let’s start with quality. Our suppliers make high-quality products in the United States. Yes, that’s right, only in the United States. Because our products are sold to the government, where they are made is extremely important. The products our suppliers make must also be made in-house (not products that are purchased and distributed). When we bid on government contracts, we need to ensure our pricing remains competitive so that we can win contracts.

Next is diversity. As JetCo Federal grows, so does our capabilities and our need to have the correct suppliers in place to help us fulfill orders. A variety of products means a variety of manufacturers in our supply chain. Did you know our company has grown more than 1,400% from 2015 to 2018? We’re positioned for growth, and in return, our supply chain is growing.

So, why work with us?

We’ll skip the formal sales pitch. We get it – you want your products picked up quickly and you want to be paid promptly. If you can expand your sales too, that’s a plus.

Well, you’ve come to the right place.

  • We pay suppliers in an average of 3.4 days;
  • Our on-time delivery rate is 98.21%;
  • And you can leverage our contracts to expand your sales.

What does leverage our contracts mean? JetCo Federal holds multiple contract vehicles, allowing suppliers to focus on their operations while we do the government sales portion. Want more information on this? We wrote a blog post on the benefits of leveraging one of our contracts.

It’s not complicated. We’re looking for highly-qualified U.S. manufacturers, and you may be the right fit. Interested in working with us? Fill out our supplier form or give us a call. You’ll be glad you did.

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Increases in Simplified Acquisition Threshold and Micro-Purchase Threshold

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Under the Federal Acquisition Regulation (FAR), the Simplified Acquisition Threshold (SAT) and Micro-Purchase Threshold (MPT) are increasing according to a recent proposed rule. In 2017 and 2018, the National Defense Authorization Act (NDAA) proposed that the SAT and MPT increase. Now, those proposed rules will be coming into play.

On October 2, 2019, the National Aeronautics and Space Administration (NASA), the General Services Administration (GSA), and the Department of Defense (DoD) proposed that the MPT and SAT increase. Section 806 increases the MPT to $10,000, which was originally at $3,500. Section 805 increases the SAT to $250,000, which was originally at $150,000.

What does this mean for federal contracting?

Increased thresholds mean more contracts under the SAT and MPT. This increase to the SAT and MPT, “reduces burden on contractors by increasing the thresholds at which various regulatory burdens apply,” according to the proposed rule. It also states that costs associated with contractor financing, “could also be reduced by increasing the number of micro-purchases, for which the Govermentwide purchase card is the preferred method of purchase and payment.” Overall, an increased threshold means that contracts are awarded without regulatory burdens, making the process streamlined.