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DEPARTMENT OF VETERANS AFFAIRS Justification for Single Source Awards LAW FAR 13.1061 For Over MicroPurchase Threshold but Not Exceeding the SAT ($250K) Acquisition Plan Action ID: 36C24218AP2034 1.
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To fill out over micro-purchase threshold, follow these steps:
02
Determine the current micro-purchase threshold set by your organization.
03
Identify the goods or services you need to purchase.
04
Conduct market research to find potential suppliers or vendors.
05
Obtain price quotes and gather necessary information from potential suppliers.
06
Evaluate the quotes and choose the best supplier based on factors like cost, quality, and delivery time.
07
Prepare a purchase request, including the selected supplier's information, pricing details, and any additional requirements.
08
Submit the purchase request to the relevant authority within your organization for approval.
09
Once approved, complete any necessary documentation, such as a purchase order or contract.
10
Monitor the delivery of the purchased goods or services and ensure compliance with the agreed-upon terms.
11
Process the payment to the supplier.
12
Keep records of the transaction for future reference and audit purposes.

Who needs over micro-purchase threshold but?

01
Organizations or individuals who require goods or services beyond the micro-purchase threshold need to follow an expanded procurement process.
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This includes government agencies, businesses, non-profit organizations, educational institutions, and any entity that has specific procurement regulations or thresholds.
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It is important to comply with these guidelines to ensure transparency, fair competition, value for money, and accountability in the procurement process.
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Micro-purchase threshold refers to the maximum amount government agencies can spend without having to go through a full procurement process. Anything over this threshold requires formal procurement procedures.
Government agencies and departments are required to file for procurements over the micro-purchase threshold.
To fill out procurements over the micro-purchase threshold, agencies need to follow formal procurement procedures and provide all necessary documentation.
The purpose of the micro-purchase threshold is to streamline small purchases and ensure transparency and efficiency in government procurement processes for larger purchases.
Information such as vendor details, contract information, pricing, and procurement process details must be reported for procurements over the micro-purchase threshold.
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