Common use of Approval Thresholds Clause in Contracts

Approval Thresholds. Only material included in the above list of Allowable Material may be procured under any individual task orders under this contract. No material with a unit cost of $150,000.01, or greater, without COR and KO approval, shall be procured under this contract. No procurement from a single source with a total value—the total sum of all items—of $750,000.00 or greater may be procured under this contract. For procurements (excluding software licenses) with a total value of $10,000.00 and below, no prior COR concurrence or Contracting Officer approval is required. For procurements (excluding software licenses) with a total value between $10,000.01 and $150,000.00, prior COR concurrence is required. For procurements with a total value between $150,000.01 and $750,000.00, both COR concurrence and Contracting Officer approval is required prior to purchasing the material. If the COR concurs with the request, the COR will provide the request for approval to the Contracting Officer. The Contracting Officer will provide notification of disapproval or approval to the COR and Contractor. CLAUSES INCORPORATED BY FULL TEXT 252.225-7993 PROHIBITION ON PROVIDING FUNDS TO THE ENEMY (DEVIATION 2015- O0016)(SEP 2015)