Micro-purchase Threshold Increase

Did you know that over the summer there was a class deviation to the definition of the micro-purchase threshold?  Most people didn't! Unless you are keen on reading FAR Part 2 daily, you may have missed this deviation.   Class Deviation- 2017-O0007, Increased Micro-Purchase Threshold. This clause deviation is effective on Sept 01, 2017, and [...]

By |2021-07-07T18:45:16+00:00September 12th, 2017|FAR|Comments Off on Micro-purchase Threshold Increase

Key dollar thresholds in the FAR have increased

Note the following changes: The micro-purchase base threshold increased from $3,000 to $3,500. FAR 2.101. The ceiling for the use of simplified acquisition procedures for the purchase of commercial items increased from $6.5 million to $7 million. FAR 13.500. The threshold for obtaining certified cost or pricing data increased from $700,000 to $750,000. FAR 15.403-4. [...]

By |2021-07-07T15:36:24+00:00October 1st, 2015|FAR|Comments Off on Key dollar thresholds in the FAR have increased
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