Acquisition Thresholds – Inflationary Adjustments

The-FAR

Reminder that various thresholds will change Thursday (October 1).  These changes are the result of a DoD, NASA and GSA final rule issued in July.  Changes include:

•  The micro-purchase base threshold of $3,000 (FAR 2.101) is increased to $3,500.
•  The cost or pricing data threshold (FAR 15.403-4) and the statutorily equivalent Cost Accounting Standard threshold are raised from $700,000 to $750,000.
•  The prime contractor subcontracting plan (FAR 19.702) floor is raised from $650,000 to $700,000, and the construction threshold of $1,500,000 stays the same.
•  The threshold for reporting first-tier subcontract information including executive compensation will increase from $25,000 to $30,000 (FAR subpart 4.14 and section 52.204-10).

The simplified acquisition threshold of $150,000 is unchanged.

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