CFCM Thresholds Latest 2023 Rated A+

CFCM Thresholds Latest 2023 Rated A+ Under $150,000 Simplified Acquisition Threshold $25,000 Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 Micro purchase Threshold $2,000 Micro purchase threshold for construction subject to wage rate requirements $2,500 Micro purchase threshold for services subject to service contract labor standards $20,000 Micro purchase threshold for contingency inside the USA $30,000 Micro purchase threshold for contingency outside the USA $500 dollar limit for imprest fund $2,500 dollar limit for third-party draft $35,000 dollar threshold for fast payment procedure (FPP) $7 million SAP can be used for up to this amount for certain commercial items 180 days Letter contract may be used when schedule will provide definization of a contract no greater than _________ days after date of the letter contract. $150,000 Performance and payment bonds are required or may be required for construction contracts exceeding this amount . $15 million Head of agency may waive Cost Accounting Standards (CAS) when contractor or subcontract value is less than this amount. 15 When interim and advance payments are given, payments must not exceed _____ percentage of aggregate contract price. $35,000 Fast Payment procedures (FFP) may not be used for individual purchasing instruments exceeding this amount. $750,000 Threshold for obtaining certified cost or pricing data? 10 The overrun or underrun permitted in each contract should be based upon the normal commercial practices of a particular industry for a particular item, and the permitted percentage should be no larger than is necessary to afford a contractor reasonable protection. The permissible variation shall not exceed plus or minus ______ % unless a different limitation is established in agency regulations. $700,000 or $1.5 Million Subcontracting plan must be submitted for solicitations that are expected to exceed $______, or $_____ for construction. $2,500 Service contracts in excess of this amount must contain mandatory provisions regarding minimum wage and fringe benefits, etc. $3,500 The NAICS code and Small Business size standards must be included in solicitations above this amount. $3,500 Requirements for small business set-asides generally does NOT apply to purchases of $_____ or less. $15,000 Supply contracts in excess of this amount are subject to contracts for materials and supplies, articles and equipment Act such as minimum wages, max hours, child labor, safe conditions, etc. 15 For experimental and R&D under Cost Plus Fixed Fee and fixed fee, fee shall not exceed ____% of estimated cost, excluding fee. 6 For Architecture and Engineering (A & E) contracts, fee shall not exceed ______ %, excluding fee. 10 For cost plus fixed fee contracts other than A & E and R&D, fee shall not exceed _____ %, excluding fee. $300,000 According to FAR 2.1, simplified acquisition threshold (SAT) for any contract to be awarded and performed, or purchase to be made, inside the United States used to support a contingency operation or to facilitate defense against or recovery from nuclear, biological, chemical, or radiological attack. $1 million According to FAR 2.1, simplified acquisition threshold (SAT) for any contract to be awarded and performed, or purchase to be made, outside of the United States used to support a contingency operation or to facilitate defense against or recovery from nuclear, biological, chemical, or radiological attack.