Federal Improvement in Technology Procurement Act or the FIT Procurement Act
This bill addresses various issues related to federal procurement policy and the federal acquisition workforce.
For example, the bill requires
The bill also increases the simplified acquisition threshold from $250,000 to $500,000 and the micro purchase threshold from $10,000 to $25,000. (The federal government uses less complex procedures for the purchase of property and services valued below the simplified acquisition threshold. Purchases below the micro purchase threshold generally do not require soliciting competitive quotations if the contracting officer considers the price to be reasonable.)
Federal Improvement in Technology Procurement Act or the FIT Procurement Act
This bill addresses various issues related to federal procurement policy and the federal acquisition workforce.
For example, the bill requires
The bill also increases the simplified acquisition threshold from $250,000 to $500,000 and the micro purchase threshold from $10,000 to $25,000. (The federal government uses less complex procedures for the purchase of property and services valued below the simplified acquisition threshold. Purchases below the micro purchase threshold generally do not require soliciting competitive quotations if the contracting officer considers the price to be reasonable.)
Federal Improvement in Technology Procurement Act or the FIT Procurement Act
This bill addresses various issues related to federal procurement policy and the federal acquisition workforce.
For example, the bill ...
The bill also increases the simplified acquisition threshold from $250,000 to $500,000 and the micro purchase threshold from $10,000 to $25,000. (The federal government uses less complex procedures for the purchase of property and services valued below the simplified acquisition threshold. Purchases below the micro purchase threshold generally do not require soliciting competitive quotations if the contracting officer considers the price to be reasonable.)