Fifty Thousand Dollar ($50,000) Exemption
A person is not required to place a priority rating on an order for less than $50,000, or one half of the Federal Acquisition (FAR) Simplified Acquisition Threshold, whichever amount is larger, provided that delivery can be obtained in a timely fashion without the use of the priority rating. (See 15 CFR 700.17, “Use of rated orders.”)
- Administration
- Finance
- Procurement
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