If you work in the Government acquisition world, this podcast is for you. (not just for Contracting Officers!)
We spend a lot of time on this podcast talking about the complexities inherent in giant source selections government by FAR Part 15 rules. Which means we talk about the few major acquisitions and maybe neglect the vast majority of Government purchases – those that are below the Simplified Acquisition Threshold (SAT) and even smaller, those that are below the Micro-purchase Threshold (MPT). This is where the majority of transactions occur.
Today Kevin and Paul talk micro-purchases. Listen and learn how the thresholds are set up to streamline small dollar buys, who makes these purchases, and how industry’s interaction with the Government changes for micro-purchases.
Also note, the thresholds are updated to keep up with inflation. Effective 31 August 2020 the MPT is $10,000 and the SAT is $250,000. This episode references the previous lower thresholds.