Any tangible or intangible item that has value in an exchange. A bank account, a home, or shares of stock are all examples of assets.
Ownership of Offeror (OoO) What is OoO? The Department of Defense (DOD), General Services Administration (GSA) and National Aeronautics and Space Administration (NASA) have revised the FAR that now requires that offerors provide their CAGE codes to contracting officers and that, if owned or controlled by another entity, offerors will provide, in a new provision… Continue reading What is Ownership of Offeror (OoO) & IO & HLO?
The establishment of a global LEI system will be a significant achievement in responding to the vulnerabilities of the global financial system and will provide meaningful long-term benefits for both the public and private sectors. When Lehman Brothers collapsed in 2008, financial regulators and private sector managers were unable to assess quickly the extent of… Continue reading Why do we need a global LEI?