Changes will occur in various federal acquisition dollar thresholds effective Oct. 1, 2015.
An acquisition-related dollar threshold is a dollar threshold that is specified in law as a factor in defining the scope of the applicability of a policy, procedure, requirement, or restriction provided in that law to the procurement of supplies or services by an executive agency, as determined by the Federal Acquisition Regulation (FAR) Council.
As set forth in Federal Register – Vol. 80 No. 127 – July 2, 2015 (pages 38293 through 38296), the Federal Acquisition Regulation (FAR) will be amended to change:
- The micro-purchase base threshold from $3,000 (FAR 2.101) to $3,500.
- The threshold for use of simplified acquisition procedures for acquisition of commercial items (FAR 13.500) from $6.5 million to $7 million.
- The cost or pricing data threshold (FAR 15.403-4) and the statutorily equivalent Cost Accounting Standard threshold from $700,000 to $750,000.
- The prime contractor subcontracting plan (FAR 19.702) floor from $650,000 to $700,000 (The construction threshold of $1,500,000 will remain unchanged.)
- The threshold for reporting first-tier subcontract information including executive compensation from $25,000 to $30,000 (FAR subpart 4.14 and section 52.204-10).
Other FAR-prescribed thresholds will not change. The simplified acquisition threshold (FAR 2.101) of $150,000 will remain unchanged, and FedBizOpps pre-award and post-award notices (FAR part 5) will remain at $25,000 because of trade agreements.