Simplified Acquisition Threshold To $500,000? House Proposes Huge Increase
The simplified acquisition threshold would increase to $500,000 under the version of the 2016 National Defense Authorization Act currently before the U.S. House of Representatives.
If the House proposal ultimately becomes law, the simplified acquisition threshold would more than triple from its current $150,00 level. Such a dramatic increase in the simplified acquisition threshold could affect nearly all federal contractors–especially small businesses.
Under federal statute, the simplified acquisition threshold is set at $100,000. However, the law also requires an adjustment for inflation every five years. Because of the inflation review, the FAR was adjusted in 2010 to raise the threshold to $150,000, where it remains today.
Read the full article at: http://smallgovcon.com/statutes-and-regulations/simplified-acquisition-threshold-to-500000-house-proposes-huge-increase/.
Source: SmallGovCon.com, Article Steven Koprince, Posted on May 7, 2015
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