(U.S. Government contracting) The maximum dollar value below which supplies or services may be acquired using streamlined micro-purchase procedures without obtaining competitive quotations, provided the contracting officer or authorised purchaser determines the price to be reasonable. Micro-purchases are commonly made using the Government Purchase Card (P-Card). The threshold is established by the Federal Acquisition Regulation (FAR) and is subject to periodic adjustment, with different thresholds applying in certain circumstances.
Micro-Purchase Threshold
The FAR value below which supplies or services may be bought without competitive quotes if the price is reasonable, often via a purchase card.
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This session covers how to run proposal review gates that consistently strengthen drafts through structured feedback and resolution tracking.
This session covers how to run proposal review gates that consistently strengthen drafts through structured feedback and resolution tracking.
Stage Gates, now live in VisibleThread's proposal management software, put a checkpoint at every stage boundary on your Tracked Opportunities and Proposals boards. Before a card can move forward, the person moving it has to answer the questions your team defined for that transition. The answers save against the card, permanently.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
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A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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