Effective 8/31/20 there are two new Funding Thresholds for federal contractors to be aware of.

1) The micro-purchase threshold (MPT) is raised from $3,500 to $10,000.

2) The increase of the Simplified Acquisition Threshold (SAT) from $150,000 to $250,000.

The proposed rule effecting this change, published October 2, 2019, permitted agencies to issue deviations to the MPT and SAT to increase the Thresholds. This final rule changes the FAR definitions for these terms found at FAR 2.101.