What is the current DOD simplified acquisition threshold?

Established the definition at 13.101: Simplified acquisition threshold means $100,000 (but see 13.103(b)). In the case of any contract to be awarded and performed, or purchase to be made, outside the United States in support of a contingency operation, the term means $200,000.

What is simplified acquisition contracts?

Simplified Acquisition Procedures (SAP) are contracting methods designed to streamline the acquisition process. The benefits include less paperwork and lower costs for both the contractor and the Government.

How much is the simplified acquisition threshold 2022?

While these rates are periodically adjusted for inflation, the thresholds remain unchanged going into 2022. Currently, the micro-purchase threshold is $10,000 and the simplified acquisition threshold is $250,000.

What is the purchase threshold for a Government purchase card?

The GPC is used to purchase supplies and services per the Federal Acquisition Regulation (FAR). Purchase Cards are used as the procurement method for micro- purchases as defined in FAR 13.2. The Micro-Purchase Thresholds are: $10,000 for supplies/equipment; $2,500 for services; and $2,000 for construction.

When did simplified acquisition threshold change?

The simplified acquisition threshold was changed to $250,000 by statute (see FAR Case 2018–004). No further increase in the basic threshold is proposed, as there has been insufficient inflation.

What is the simplified acquisition threshold for 2022?

When can you use simplified acquisition procedures?

Simplified Acquisition Procedures (SAP) (FAR Part 13.3) are designed for the purchase of relatively simple supply or service requirements. It is a contracting method that seeks to reduce the amount of work the government must undertake to evaluate an offer.

Can I accept a Government purchase card?

Almost any processor can set you up to accept government purchase cards however, if your goal is to accept government purchase cards at the lowest possible interchange rate, its very important to make sure your processor understands interchange as it relates to government p cards.

What can be purchased with Government purchase card?

The Governmentwide purchase card may be used to (1) Make micro-purchases; (2) Place a task or delivery order (if authorized in the basic contract, basic ordering agreement, or blanket purchase agreement; or (3) Make payments, when the contractor agrees to accept payment by the card.