What is the competition requirement for micro purchases?

(1) To the extent practicable, micro-purchases shall be distributed equitably among qualified suppliers. (2) Micro-purchases may be awarded without soliciting competitive quotations if the contracting officer or individual appointed in accordance with 1.603-3(b) considers the price to be reasonable.

What is the current micro-purchase threshold?

The micro-purchase threshold (MPT) is $10,000 (FAR case 2018-004 published on July 2, 2020, at 85 FR 40064).

What is the current simplified acquisition threshold far?

Paragraph 3(ii) of the definition, for acquisitions to support contingency operations or to facilitate defense against certain attacks, is increasing from $30,000 to $35,000. The simplified acquisition threshold was changed to $250,000 by statute (see FAR Case 2018–004).

What is the public announcement requirement for micro-purchases?

10) What is the public announcement requirement for micro-purchases? No formal announcement is required.

Which method of purchase is preferred for micro purchase?

The governmentwide commercial purchase card
The governmentwide commercial purchase card is the preferred method to purchase and pay for micro-purchases.

What is a government micro-purchase?

Micro-purchase means a purchase of supplies or services using simplified acquisition procedures, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchase procedures comprise a subset of a non-federal entity’s small purchase procedures.

What SAT far?

Simplified Acquisition Thresholds (SAT) The Simplified Acquisition Threshold (SAT) (FAR 2.101) is $250,000. The SAT can vary depending on the particular acquisition situation.

What is the SAP threshold?

As of 2019, the threshold for SAP is $250,000; acquisitions under this amount must use SAP, with certain exceptions.