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You are here: Home / Government Contracting News / Federal acquisition thresholds to change Oct. 1st

July 8, 2015 By AMK

Federal acquisition thresholds to change Oct. 1st

Changes will occur in various federal acquisition dollar thresholds effective Oct. 1, 2015. 

Federal Register

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.

If an acquisition-related threshold is based on statute, the matrix at http:// www.regulations.gov (search FAR case 2008–024) identifies the statute, and the statutory threshold. If inflation adjustment is warranted, calculations are rounded in accordance with the table shown above.
If an acquisition-related threshold is
based on statute, the matrix at http://
www.regulations.gov (search FAR case
2008–024) identifies the statute, and the
statutory threshold. Inflation calculations are rounded in accordance with the table shown above.

Filed Under: Government Contracting News Tagged With: Cost Accounting Standard, executive compensation, FAR, FedBizOpps, Federal Acquisition Regulation, Federal Register, federal regulations, micro purchase, SAT, simplified acquisition, subcontracting plan, threshold

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