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A. Purpose
The Buy American Act requires that only domestic end products be
acquired for public use unless specifically authorized by statute or
regulation, provided that the cost of the domestic products is
reasonable.
The Buy American Act Certificate provides the contracting office
with the information necessary to identify which products offered are
domestic end products and which are of foreign origin. Components of
unknown origin are considered to have been supplied from outside the
United States.
Originally posted by DaddyBare
I'm a bit puzzled over this one.
I can understand the economic benefit to our own country (BUY USA) but we make very little here in this country. Halliburton/KBR now have it's headquarters in the UAE. GE a huge government contractor Moved their headquarters to Monterey Mexico. We no longer manufacture anything in this country. oh sure we assemble goods here, their respective parts coming from other parts of the globe.
Originally posted by DaddyBare
Sure in a time of war you want to keep your supply chains short and local if possible.
Originally posted by getreadyalready
reply to post by DaddyBare
If this is an act that the government is planning to limit themselves by, then I think it is a great thing! Imagine if all of our defense spending came home? The billion dollar contracts that would go to US based companies would be huge!
The Federal automobiles purchased, the furniture purchased for Federal buildings.
This could be a great thing for the economy, and a big incentive for those major suppliers to base themselves back in the US.
Originally posted by getreadyalready
reply to post by havok
They are already pooling all the money together and spending it, by the trillions, and a large portion of that is spent outside the borders.
If they mandate that it is spent inside the borders, it will create jobs and commerce inside the borders.
I know they don't "create" any wealth, but since they are spending it anyway, why not spend it right here were we can get some of it back?
provided that the cost of the domestic products is
reasonable.
Under NAFTA, the U.S. requires that Canadian goods and suppliers be exempt from these requirements if procurement is being done directly by a listed U.S. federal department or agency and if the value of procurement exceeds NAFTA thresholds (currently US$25,000 for goods, US$70,079 for general services and US$9,110,318 for construction services).
1. With respect to all laws, regulations, procedures and practices regarding government procurement covered by this Agreement, each Party shall provide immediately and unconditionally to the products, services and suppliers of other Parties offering products or services of the Parties, treatment no less favourable than:
(a) that accorded to domestic products, services and suppliers; and
(b) that accorded to products, services and suppliers of any other Party.
1. A Party shall not apply rules of origin to products or services imported or supplied for purposes of government procurement covered by this Agreement from other Parties, which are different from the rules of origin applied in the normal course of trade and at the time of the transaction in question to imports or supplies of the same products or services from the same Parties.
Ya know the big reasons a lot of these big name companies moved was to avoid paying corporate taxes...
Originally posted by moogins
reply to post by DaddyBare
Who in their right mind would buy American products? Most are of poor quality and overpriced to pay overinflated salaries as they think they have a right to such high pay because they are special.