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OMB Memo Raises Micro-purchase, Simplified Acquisition Thresholds

Jerry Ashworth

June 25, 2018 at 13:14:49 ET

The Office of Management and Budget (OMB) on June 20 issued guidance to federal awarding agencies that raised the threshold for micro-purchases under federal financial assistance awards from $3,500 to $10,000, and increased the threshold for simplified acquisitions from $100,000 to $250,000 for all recipients. Tim Soltis, deputy controller of the OMB Office of Federal Financial Man... Read More

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OMB Memo Raises Micro-purchase, Simplified Acquisition Thresholds

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