Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR
Simplified acquisition threshold or “SAT” shall mean $250,000, except for—
Simplified acquisition threshold means the dollar amount below which a non-Federal entity may purchase property or services using small purchase methods. For the purposes of this Subaward, the Simplified Acquisition Threshold is: $250,000.
Examples of Simplified acquisition threshold in a sentence
Small purchase procedures are those relatively simple and informal procurement methods for securing services, supplies, or other property that do not cost more than the Simplified Acquisition Threshold (SAT).
For individual purchases that exceed the Simplified Acquisition Threshold.
More Definitions of Simplified acquisition threshold
Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items costing less than the simplified acquisition threshold. The simplified acquisition threshold is set by the Federal Acquisition Regulation at 48 C.F.R. Subpart 2.1 Defini- tions and in accordance with 41 U.S.C. 1908. 2 C.F.R. 200.88
Simplified acquisition threshold means the dollar amount below which a non-Federal entity may purchase property or services using small purchase methods. Non-Federal entities adopt small purchase procedures in order to expedite the purchase of items costing less than the simplified acquisition threshold.
Simplified acquisition threshold means $250,000 (41 U.S.C. 134), except for–
Simplified acquisition threshold or “SAT” means $150,000 for grants dated on or after December 26, 2014; and $100,000 for grants dated before December 26,2014.
Simplified acquisition threshold means the dollar amount below which a non- Federal entity may purchase property or services using small purchase methods.
Simplified acquisition threshold means $150,000 (41 U.S.C. 134), except for–
Simplified acquisition threshold means $100,000, except for acquisitions of supplies or services that, as deter- mined by the head of the agency, are to be used to support a contingency operation or to facilitate defense against or recovery from nuclear, biological, chemical, or radiological attack (41 U.S.C. 428a), the term means—