Oct. 1 Brings New Benchmarks for Some Federal Acquisition

The start of new federal fiscal year 2016 brings statutory inflation adjustments to federal acquisition thresholds, including:

  • the micro-purchase base threshold of $3,000 increases to $3,500;
  • the simplified acquisition threshold of $150,000 remains unchanged;
  • the FedBizOpps preaward and post-award notices remains at $25,000;
  • the threshold for use of simplified acquisition procedures for commercial items goes from $6.5 million to $7 million;
  • the cost or pricing data threshold and the Cost Accounting Standard threshold increase from $700,000 to $750,000;
  • the prime contractor subcontracting plan floor goes from $650,000 to $700,000, and the construction threshold of $1.5 million stays the same; and
  • the threshold for reporting first-tier subcontract information including executive compensation increases from $25,000 to $30,000.

See details at http://www.acq.osd.mil/dpap/dars/change_notices.html