Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- Improving Healthcare Outcomes through IT Policy
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
FAR Councils raise simplified acquisition threshold
Monday - 8/30/2010, 4:42pm EDT
Federal News Radio
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.
In another significant change, prime vendors will have to submit subcontracting plan on all contracts worth more than $650,000 instead of $500,000.
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.)