Department of Education

EDGAR’s Strict Competition Rules: What You Need to Know (ASBO)

Because “new EDGAR” rules already affect most purchases, school business officials should monitor their own implementation procedures through the entire life cycle of federal awards—including pre- and post-award procedures, cost principles, and even audit requirements. Many of the new rules reiterate previous statutes, but others significantly raise standards on oversight and accountability. Throughout the process, the rules make it clear that districts need to exercise due diligence to ensure that their purchases are sufficiently competitive.