Good morning. Here's your federal-contracting briefing for September 1, 2026 — 6 new items from across the market.

📡 The Wire

OMB Doubles CAS Full-Coverage Threshold to $100 Million, Effective October 1
OMB's Cost Accounting Standards Board finalized a rule raising the dollar threshold for full CAS coverage and Disclosure Statement requirements from $50 million to $100 million, effective October 1, 2026, following unanimous support in public comments.

OMB Rescinds Cost Accounting Standard 407 to Align With GAAP
The Office of Management and Budget's Cost Accounting Standards Board finalized a rule rescinding Cost Accounting Standard (CAS) 407, effective October 1, 2026, to bring the requirement in line with Generally Accepted Accounting Principles.

DOT Finalizes NEPA Rule Overhaul Following BUILDER Act, IIJA Changes
The Federal Highway Administration, Federal Railroad Administration, and Federal Transit Administration finalized a rule on September 1, 2026 rewriting their NEPA implementing regulations, effective the same day.

HUD's FHA Catalyst Task Order with Phoenix Oversight Group Reaches $32.1 Million
The Department of Housing and Urban Development has obligated $32,059,025.55 to Phoenix Oversight Group LLC, a small business, for FHA Catalyst platform development support running through May 21, 2027.

ICE Awards Procentrix $35.7 Million for Enterprise Case Management IT Support
U.S. Immigration and Customs Enforcement has obligated $35,745,283.59 to Procentrix, LLC for IT support across three ICE case-management systems, with a ceiling of $45.8 million and performance running through March 31, 2027.

IRS Debt Collection Contract with Coast Professional Reaches $134.5 Million
The Internal Revenue Service has obligated $134,457,569 to Coast Professional, Inc. under a private debt-collection delivery order awarded through GSA's Federal Supply Schedule, with performance running through September 22, 2026.

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