Simplified Acquisition Threshold Contracts Sample Clauses
The Simplified Acquisition Threshold Contracts clause establishes the rules and procedures for government contracts that fall below a certain monetary threshold, known as the simplified acquisition threshold. This clause streamlines procurement by allowing for less formal bidding processes, reduced documentation, and faster award timelines for contracts under the specified dollar amount. Its core function is to expedite the acquisition of goods and services for smaller-value contracts, reducing administrative burden and increasing efficiency for both the government and contractors.
Simplified Acquisition Threshold Contracts for more than the Simplified Acquisition Threshold (SA) currently set at $250,000 which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulation Council (Councils) as authorized by 41 U.S.C. 1980, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate. In any case, contracts in excess of the state’s or state agency threshold must address the foregoing. Any purchase that meets or exceeds the SAT threshold will require additional cost/price analysis by ▇▇▇▇▇ ISD. The supplier may be required to provide additional documentation to support this requirement based on the federal requirements at the time of the purchase.