Federal Procurement Standard threshold changes
The micro-purchase threshold and simplified acquisition threshold have increased and were coded into Federal regulations effective June 20, 2018.
|
Method of Procurement |
Previous Threshold |
New Threshold |
|
Micro-purchase |
Less than $3,500 |
Less than $10,000 |
|
Small Purchase |
$3,500 – $150,000 |
$10,000 - $250,000 |
|
Sealed Bids |
$150,000 |
$250,000 |
|
Competitive Proposals |
$150,000 |
$250,000 |
The Procurement Standards relate to all procurements on federal grants and contracts. For more information: OMB Uniform Guidance Procurement Standards 2 CFR 200.317-326