There are certain thresholds for orders or Projects that govern how an Agency Buyer can purchase:
- The micro-purchase threshold (FAR 2.101) is currently at $10,000 (as of October 2021) — A federal buyer can purchase without competition up to this threshold, typically through a Government Purchase Card.
- The simplified acquisition threshold (FAR Case 2018-004) is currently at $250,000 — A federal buyer can purchase with competition, through a Simplified Acquisition method (such as the Multiple Award Schedule program).
Sources:
https://www.federalregister.gov/documents/2020/10/02/2020-21690/federal-acquisition-regulation-inflation-adjustment-of-acquisition-related-thresholds
