Increased Micro-Purchase and Simplified Acquisition Thresholds

The General Services Administration, along with the Department of Defense and the National Aeronautics and Space Administration proposed to amend the Federal Acquisition Regulation to implement a section of the National Defense Authorization Act for fiscal year 2017 and several sections of the NDAA for fiscal year 2018 that increase the micro-purchase threshold to $10,000, increase the simplified acquisition threshold to $250,000, and clarify certain procurement terms