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Assignment 2 Simplified Acquisition Procedures

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Bus 505
Assignment 2 Simplified Acquisition Procedures
CCAD
BUS 501- Government Acquisition
31 October 2012
Simplified Acquisition
The federal government has three different methods for acquiring goods
or services, which include, negotiations, sealed bids, and simplified
acquisitions. Simplified acquisition procedures are methods sited in the
Federal Acquisition Regulations (FAR) Part 13 for purchasing goods and
services under a certain dollar threshold. In October 1994, the FAR
established the Federal Acquisition Streamline Act (FASA) as a
simplified means for the government to acquire goods and services.
Simplified acquisition was created into the government procurement
process to streamline the contracting process through the elimination of
certain rules and actions, and allowing a relatively low administrative
cost associated with procurement and provides the easiest form of
federal contracts to small business and disadvantage businesses.
Agencies are instructed to use simplified acquisition procedures for all
purchases of supplies or services below the threshold of $5 million.
Whenever the government seeks to obtain goods or services between
the amount of $2,500 and $100,000 the agency can usually set aside
these acquisitions for small businesses if there are at least three
competitive offers. Simplified acquisition between $2,500 and $25,000
can obtain either an oral or written quotations from businesses in an
effort to promote competition. For contracts over $25,000, an oral
quotation may not be realistic; therefore the use of electronic commerce
would be used. Purchases under $2,500 are considered “micro-
purchases” and do not need to go through a formal solicitation process.
As long as the contracting official thinks the price is fair a government
commercial purchase card (GPC) can be used.
Purchase Orders, Blanket Purchase Agreements, and Government
Purchase Cards

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