As we first informed you on July 8, some of the Federal Acquisition Regulation (FAR) dollar thresholds change effective October 1, 2015.
The inflationary adjustments to the thresholds are summarized below, inluding references to the applicable FAR parts:
- The micro-purchase threshold of $3,000 increases to $3,500 (FAR 2.101).
- The threshold for use of simplified acquisition procedures for acquisition of commercial items increases from $6.5 million to $7 million (FAR 13.500).
- The cost or pricing data threshold (FAR 15.403-4) and the Cost Accounting Standards threshold (FAR 30.201-4 and FAR clause 52.230-5) increases from $700,000 to $750,000.
- The prime contractor subcontracting plan floor increases from $650,000 to $700,000. The subcontracting plan threshold for construction contracts remains the same at $1.5 million (FAR 19.702).
- The threshold for reporting first-tier subcontract information, including executive compensation, increases from $25,000 to $30,000 (FAR Subpart 4.14 and FAR clause 52.204-10).
- The threshold for including the clause requiring contractors to provide equal employment opportunities to veterans increases from $100,000 to $150,000 (FAR 22.1303 and FAR clause 52.222-35).
- The threshold requiring contractors to flowdown the clause regarding a contractor’s Code of Business Ethics and Conduct increases from $5 million to $5.5 million (FAR clause 52.203-15).
- The threshold restricting subcontracts with a contractor that has been debarred, suspended, or proposed for debarment increases from $30,000 to $35,000 (FAR 9.409 and FAR clause 52.209-6).
Other FAR-prescribed dollar thresholds do not change at this time. For instance, the simplified acquisition threshold of $150,000 (FAR 2.101) remains unchanged, and FedBizOpps preaward and postaward notices (FAR Parts 5.101 and 5.301) remain at $25,000..