$3,000.00
Micro Purchase Limit/Single Purchase Limit (SPL) $3,000.00 per purchase. Recurring Services SPL $2,500.00 per fiscal year. Non-recurring Services SPL $2,500.00 per requirement.

What is micro purchase threshold for government?

FAR Case 2018-004 was published July 2, 2020 (85 FR 40064) with an effective date of August 31, 2020. It raised the micro-purchase threshold, as defined at FAR 2.101, to $10,000.

What is the current micro purchase threshold 2021?

Purpose: This Recipient/Applicant Information Notice (RAIN) informs recipients and applicants that the general Micro-Purchase threshold for EPA assistance agreements has been increased from $3500 to $10,000 and that the Simplified Acquisition Threshold has been increased from $150,000 to $250,000.

What is a federal micro purchase?

Micro-purchase means a purchase of supplies or services using simplified acquisition procedures, the aggregate amount of which does not exceed the micro-purchase threshold. The micro-purchase threshold is set by the Federal Acquisition Regulation at 48 CFR Subpart 2.1 (Definitions).

What is single purchase limit?

Single Purchase Limit means the maximum spending (dollar) limit a purchase cardholder is authorized to charge in a single transaction.

What is the micro-purchase threshold for construction?

Answer: The micro-purchase threshold in FAR 16.505 is set by Statute at $2,500 and increased to $3,500 for inflation.

Can a purchase card be used for micro purchases?

While most orders issued using the purchase card will be under the micro-purchase level, purchase card holders may have a spending limit above the micro-purchase threshold. In fact, FAR 13.301 states that purchase cards shouldn’t be limited to micro-purchases.

How much is the Federal micro purchase threshold?

Federal micro-purchase threshold – increased from $3,500 to $10,000 and Federal simplified acquisition threshold (formerly known as the federal small purchase threshold) -increased from $150,000 to $250,000.

What’s the limit for a single purchase on a purchase card?

Purchases must be less than or equal to the single purchase transaction limit for the purchase cardholder’s account. Transaction limits are based on the business needs of the purchase cardholder. The maximum single purchase transaction limit for micro-purchases is $10,000 ($2,500 for services, $2,000 for construction/alterations).

What is the cost of a micro purchase?

A micro-purchase is the purchase of supplies or services, the cost of which does not exceed the micro-purchase threshold. The current micro-purchase threshold is $3,500. Micro-purchases and Section 508 Requirements – Print Version