Federal Acquisition Regulation threshold Increace 6_20_18.pdf

The memorandum outlines recent statutory changes regarding the micro-purchase and simplified acquisition thresholds for financial assistance awards under the National Defense Authorization Acts for Fiscal Years 2017 and 2018. It raises the micro-purchase threshold to $10,000 and the simplified acquisition threshold to $250,000 for all recipients. The document explains the background, implementation process, and approval procedures for institutions requesting thresholds higher than $10,000. It also discusses the effective dates of these changes and the exceptions granted by the Office of Management and Budget to allow the immediate use of the new thresholds before revisions to the Federal Acquisition Regulation and Uniform Guidance.