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SIMPLIFIED ACQUISITION PROCEDURES SUMMARY WORKSHEET (Recommended for acquisitions greater than the micropurchase threshold up to SAT/Commercial items up to FAR 13.5 threshold)IAS Requisition #:Note:
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The increasing form micro-purchase threshold refers to the process of raising the limit at which government agencies can make purchases without going through a formal bidding process.
Government agencies and procurement departments are required to file the increasing form micro-purchase threshold.
To fill out the increasing form micro-purchase threshold, agencies must provide detailed information about the new threshold amount and justification for the increase.
The purpose of the increasing form micro-purchase threshold is to streamline the procurement process for smaller purchases and reduce administrative burden.
The increasing form micro-purchase threshold must include the new threshold amount, justification for the increase, and any supporting documentation.
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