PNWC's Government Contracting Update

Some “Simplified Acquisition Procedures” Thresholds to Increase

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FAR (Federal Acquisition Regulations) Part 13 covers “simplified acquisition procedures” for purchasing supplies and services. The purpose of “simplified acquisition procedures” is to (i) reduce the Government’s and the prospective contractors administrative costs, (ii) improve opportunities for small, small disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns to obtain a fair proportion of Government contract, (iii) promote efficiency and economy in contracting, and (iv) avoid unnecessary burdens for agencies and contractors.

Source: PNWC’s Government Contracting Update

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