Background: The North American Industry Classification System (NAICS) was developed by Federal statistical agencies in classifying business establishments for the collection, analysis, and publication of statistical data related to the business economy of the North American Countries (U.S. Canada, and Mexico). These codes are designated by economic sectors, industry groupings and national industry subsectors. The Office of Management and Budget reviews the NAICS codes every 5 years for potential revisions so that the classification system can keep pace with the changing economy. The last NAICS update was in 2017, and the current revision has just come out this year, in 2022.

The 2022 NAICS revisions result in 8 code changes within ETP Priority Industry (PI) designations. These PI designation only result in the Information Technology Industry, and have been reviewed and approved at the June 2022 Panel meeting.

For more detail on the NAICS Priority Industries, view: 

• View comparison of changes from 2017 to 2022
• ETP’s NAICS Industry Guidelines
• Priority Industry Sectors located on the Funding Priorities & Limitations Page of the ETP website

Effective immediately, any and all requests to transfer funds between job numbers must follow the formal revision request procedure.
Currently, contractors have been able to request fund transfers between job numbers in the last 3 months of their contract by emailing their request to ETP’s Fiscal unit, who would process those requests. This process has been stopped, effective immediately. Fiscal will no longer process any fund transfer requests that come directly to them and will only honor fund transfer requests that have been approved through the formal revision request process.

ETP is making this change after a review of our Legislation, Regulations, and state contracting requirements – revisions to contracts that occur outside of the formal revision process can drastically change the characteristics of projects as compared to what Panel approved originally. This type of ‘material change’ will be the topic of ongoing ETP review, as we look to find ways to streamline the revision request process while simultaneously maintaining contract integrity within that process.

A few points of further clarification: this requirement applies to all fund transfer requests between job numbers – regardless of the funding code for the job numbers involved. In other words, this applies both to moving funds from one funding code job number to a different funding code, and also to those fund transfer requests between job numbers with the same funding code. Also, contractors should be mindful of how this process may affect their final contract performance percentages.

As a further reminder, revision requests received outside the term of the contract (either pre- or post- contract term) will not be reviewed, processed, or approved. All revision requests must be received within the contract term dates in order to be considered.