FAR Councils raise simplified acquisition threshold

The simplified acquisition and subcontracting thresholds are among several acquisition ceilings that will increase on Oct. 1.

The Federal Acquisition Councils issued a final rule today detailing several changes, including increasing the simplified acquisition threshold to $150,000 from $100,000.

The simplified acquisition threshold governs when agencies can buy products or services more quickly, more economically and with a focus on small businesses.

Get the latest breaking news! Sign up for our break news email alerts.

In another significant change, prime vendors will have to submit subcontracting plan on all contracts worth more than $650,000 instead of $500,000.

Advertisement

The FAR Councils state that the final rule doesn’t change from the proposed rule issued in February.

Other changes in the final rule include:

  • The FedBizOpps pre-award and post-award notices remain at $25,000 because of trade agreements.
  • Commercial items test program ceiling is raised from to $6.5 million from $5.5 million.
  • The cost or pricing data threshold is raised to $700,000 from $650,000.
  • The Miller Act threshold is raised by this rule to $150,000 from $100,000. The Miller Act requires payment and performance bonds when agencies acquire construction services at rates higher than the threshold.

(Copyright 2010 by FederalNewsRadio.com. All Rights Reserved.)

Media Galleries