GSA, along with DoD and NASA, issued a final rule effective October 1, 2015, to implement the inflation adjustments for acquisition-related dollar thresholds. Section 807 of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005 (Pub. L. 1 08-375) requires an adjustment every five years of acquisition-related thresholds for inflation using the Consumer Price Index.
This inflation adjustment impacts all urban consumers, except for the Construction Wage Rate Requirements statute (formerly Davis-Bacon Act), Service Contract Labor Standards statute (formerly Service Contract Act), and trade agreements thresholds. GSA, DoD, and NASA have also used the same methodology to adjust nonstatutory FAR acquisition-related thresholds.
Click here to review the full details of all the changes to acquisition-related thresholds on Regulation.gov.
|Common Acquisition-Related Dollar Thresholds||Threshold Adjustment Effective 10/01/2015|
|Micro-purchase base threshold (FAR 2.101)||$3,500 (currently $3,000)|
|Simplified Acquisition Threshold (FAR 2.101)||$150,000 (unchanged)|
|FedBizOpps pre-award adn post-award notifications (FAR Part 5)||$25,000 (unchanged due to trade agreements)|
|Use of simplified acquisition procedures for acquisition of commercial items (FAR 13.500)||$7M (currently $6.5M)|
|Cost or pricing data threshold (FAR 15.403-4) and the statutorily equivalent Cost Accounting Standard threshold||$750,000 (currently $700,000)|
|The prime contractor subcontracting plan (FAR 19.702) floor||$700,000 (currently $650,000)|
|The prime contractor subcontracting plan (FAR 19.702) floor - Construction Threshold||$150,000 (unchanged)|
|Threshold for reporting first-tier subcontract information including executive compensation (FAR subpart 4.14 and section 52.204-10)||$30,000 (currently $25,000)|