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