Acquisition Related Threshold FAR Adjustments

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A final rule has been published by the Government regarding the adjustment of acquisition-related thresholds. Section 1908 of Title 41 in the U.S. code states that adjustments must be made to acquisition–related thresholds once every five years.

The modifications to the acquisition-related thresholds were announced by the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) in the Federal Register. They are as follows:

The threshold adjustments are updated based on the Consumer Price Index (excluding the Construction Wage Rate Requirements statute, Service Contract Labor Standards statute, and trade agreement thresholds) for all …read more

Read more here:: Government Contracting

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