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January 16, 2025 •Written byGeorge Ticoras, Esq. FAR Rule Update Concerning Procurement and Non-Procurement Suspensions Takes Effect January 17 On January 17, a final rule amending the U.S. Federal Acquisition Regulations, aimed at improving consistency between the procurement and non-procurement ...
However, some commentators also treat procurements whose value is at or below the micro-purchase threshold (generally $3,500), and procurements for use outside the United States, as exceptions to the act.46 The procuring agency may determine, on its own initiative, whether one of these excep...
13.2 Actions At or Below the Micro-Purchase Threshold 13.3 Simplified Acquisition Methods 13.4 Fast Payment Procedure 13.5 Test Program for Certain Commercial Items PART 14—SEALED BIDDING 14.1 Use of Sealed Bidding 14.2 Solicitation of Bids 14.3 Submission of Bids 14.4 Opening of Bids and Award of...
For orders exceeding the micropurchase threshold, customers are to give preference to small business concerns when two or more items at the same delivered price will satisfy their requirement. 1. GEOGRAPHIC SCOPE OF CONTRACT: The Geographic Scope of Contract will be domestic delivery only. ...
Defense Federal Acquisition Regulation Supplement; NAFTA Procurement ThresholdMichele P. Peterson
Micropurchases.Purchases under $3,500 don’t require quotes, but they must be equitably distributed among potential business partners. Small purchases.Above the $3,500 micropurchase threshold but under $150,000, award recipients must solicit rate quotes, though no cost or price analysis is require...