Simplified Acquisitions up to $500K?

The Obama Administration wants to raise the Simplified Acquisition Procedures threshold from the current $150,000 to $500,000.

That could give a big boost to small businesses, because most purchases under the simplified acquisition procedures must be set aside for small businesses.

In the White House’s “Smarter IT Delivery” budget document for fiscal 2016, the president says the administration “supports raising the simplified acquisition threshold from $150,000 to $500,000 to broaden the range of purchases including IT purchases that can be accomplished with minimal complexity.”

The president also is seeking authority to allow agencies to set aside work for small and innovative companies.

In 2014, Rep. Anna Eshoo, D-CA, sponsored legislation to raise the simplified acquisition threshold to $500,000.

In practice, the SBA has reported about 64% of simplified acquisitions go to small businesses.

More information: White House’s “Smarter IT Delivery” fact sheet http://goo.gl/SFzzjt

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