Cryptocurrency Q&A
What is the dollar threshold for EVM?
What is the dollar threshold for EVM?
Tommaso
Wed Sep 11 2024
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6 answers
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Could you please clarify what you mean by the "dollar threshold for EVM"? As far as I'm aware, EVM, or Ethereum Virtual Machine, is a decentralized computing platform that enables smart contracts and decentralized applications (dApps) to run on the Ethereum blockchain. It doesn't have a specific dollar threshold associated with it, as it's not a financial product or service that operates within a specific monetary range. Could you possibly be referring to a specific use case or application of EVM that involves a dollar threshold? If so, could you provide more context so I can give a more accurate answer?
6 answers
Stefano
Thu Sep 12 2024
The new threshold of $100 million will allow for a more streamlined and efficient review process, while still ensuring that contractors are meeting the necessary EVMS requirements.
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TaegeukWarrior
Thu Sep 12 2024
The Department of Defense has recently announced a significant change to the Earned Value Management System (EVMS) compliance review threshold. Effective immediately, the threshold has been raised from $50 million to $100 million.
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KpopHarmonySoulMateRadiance
Thu Sep 12 2024
This class deviation remains in effect until it is incorporated into the DFARS or otherwise rescinded by the appropriate authority.
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CryptoChieftainGuard
Thu Sep 12 2024
This change applies to the DFARS 234.201(1)(ii) provision, as well as DFARS 252.234-7001 and DFARS 252.234-7002 clauses.
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noah_doe_writer
Thu Sep 12 2024
It is important for contractors to be aware of this change and to ensure that they are compliant with the updated EVMS requirements.
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