M-18-18.pdf

The memorandum outlines changes to the micro-purchase and simplified acquisition thresholds for Federal financial assistance awards as mandated by the National Defense Authorization Acts for Fiscal Years 2017 and 2018. The thresholds have been raised to $10,000 for micro-purchases and $250,000 for simplified acquisitions for all recipients. Institutions can request approval for higher micro-purchase thresholds based on specific criteria. The document also discusses the implementation process for the changes, including the effective dates and the need for agencies to reflect these adjustments in their policies and awards. Additionally, it highlights the exceptions granted by OMB to allow the immediate use of the new thresholds before revisions to the Federal Acquisition Regulation and Uniform Guidance are made.