Table of Contents
What is the dollar threshold for a justification of an 8 a sole source contract?
Generally speaking, contracting officers can award a contract to an 8(a) business on a sole source basis if the estimated cost is $4 million or less ($7 million for manufacturing).
How do you justify price reasonableness?
A determination that a price is fair and reasonable is really a conclusion that the proposed price is fair to both parties, considering the quality, delivery and other factors. The basis for reaching the conclusion is found in the facts and information considered and analyzed by the purchasing agent.
What is the simplified acquisition threshold 2020?
$250,000
SUMMARY: Notwithstanding the Federal Acquisition Regulation finalization that increases the micro-purchase threshold for supplies from $3,500 to $10,000 and the simplified acquisition threshold from $150,000 to $250,000, existing purchase card limits are not raised.
What is the TINA threshold for subcontractors?
$750,000
Effective July 1, 2018, the threshold under the Truthful Cost or Pricing Data Act (still commonly referred to by its former name, the Truth in Negotiations Act (or TINA)) for contractors to submit to the government certified “cost or pricing data” increases significantly from $750,000 to $2 million.
How do you qualify for 8a status?
8(a) program qualifications Be at least 51% owned and controlled by U.S. citizens who are socially and economically disadvantaged. Have a personal net worth of $750K or less, adjusted gross income of $350K or less and $6 million or less in assets. Demonstrate good character and potential to perform on contracts.
Is a J&A required for 8 a sole source?
Under the amended DFARS Part 206.303-1, a formal J&A is not required for an 8(a) program sole-source award unless that award exceeds $100 million.
How do you prove fair and reasonable price?
When two or more acceptable offers are received and the lowest price is selected, the price of the lowest offerer can be concluded to be fair and reasonable. It is noted that generally where the difference in prices between the two offers differs by less than 15 percent, the price competition is said to exist.
What is the current Micropurchase threshold?
The threshold at FAR 16.505 is currently $3,500, as a result of inflation adjustments in accordance with FAR 1.109. The micro- purchase threshold (MPT) is $10,000 (FAR case 2018–004 published on July 2, 2020, at 85 FR 40064).
What is the dollar amount of the simplified acquisition threshold?
The simplified acquisition threshold is set by the Federal Acquisition Regulation at 48 CFR Subpart 2.1 (Definitions) and in accordance with 41 U.S.C. 1908. As of the publication of this part, the simplified acquisition threshold is $150,000, but this threshold is periodically adjusted for inflation.
When does a dollar threshold need to be 8 ( a )?
(5) A proposed 8 (a) requirement with an estimated value exceeding the applicable competitive threshold amount may not be divided into several separate procurement actions for lesser amounts in order to use 8 (a) sole source procedures to award to a single contractor.
What’s the dollar threshold for a NAICS contract?
(i) There is a reasonable expectation that at least two eligible Participants will submit offers at a fair market price; (ii) The anticipated award price of the contract, including options, will exceed $7,000,000 for contracts assigned manufacturing NAICS codes and $4,000,000 for all other contracts; and
What is the dollar threshold for a sole source award?
If the anticipated award price for a professional services requirement is determined to be $3.8 million and it is accepted as a sole source 8 (a) requirement on that basis, a sole source award will be valid even if the contract price arrived at after negotiation is $4.2 million.
What is the competitive threshold in 13 CFR?
13 CFR § 124.506 – At what dollar threshold must an 8 (a) procurement be competed among eligible Participants? § 124.506 At what dollar threshold must an 8 (a) procurement be competed among eligible Participants? (a) Competitive thresholds.