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JUSTIFICATION FOR SINGLE SOURCE AWARDS LAW FAR 13.1061 (OVER MICROPURCHASE THRESHOLD($3.5K) BUT NOT EXCEEDING THE SAT ($150K)) LAW FAR13.104, CO's must promote competition to the maximum extent practicable

How to fill out over micro-purchase threshold3 template

How to fill out over micro-purchase threshold3

1. To fill out over micro-purchase threshold3, follow these steps:
2. Gather the necessary information and documents required for the purchase.
3. Determine the total value of the purchase and confirm that it exceeds the micro-purchase threshold3.
4. Ensure that the purchase is not subject to any specific requirements or restrictions.
5. Identify potential vendors who can provide the required goods or services.
6. Conduct market research to compare prices, quality, and availability from different vendors.
7. Obtain written quotes or proposals from vendors, ensuring they include all necessary details.
8. Evaluate the quotes or proposals received and select the vendor that best meets your needs.
9. Prepare the necessary procurement documents, including a purchase order or contract.
10. Review the procurement documents for accuracy and completeness.
11. Obtain any required approvals or authorizations before proceeding with the purchase.
12. Issue the purchase order or contract to the selected vendor.
13. Monitor and track the progress of the purchase, ensuring timely delivery of the goods or services.
14. Receive and inspect the delivered goods or services to verify compliance with the purchase order or contract.
15. Process any necessary payments or invoices according to the established procedures.
16. Document all steps taken and retain the procurement documents for future reference or audits.

Who needs over micro-purchase threshold3?

1. Organizations or individuals who have procurement authority and require goods or services that exceed the micro-purchase threshold3 are the ones who need to go over micro-purchase threshold3.
2. Typically, this includes larger projects or purchases that cannot be fulfilled through simple micro-purchases.
3. These could be government agencies, businesses, non-profit organizations, or any entity involved in procuring goods or services.
4. By going over the micro-purchase threshold3, they can engage in a more formal and competitive procurement process to ensure transparency, fair competition, and compliance with regulations.

What is (OVER MICRO-PURCHASE THRESHOLD($3 Form?

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