The Procurement Methods Policy has been revised to incorporate the increased procurement thresholds across various contract values and procurement methods, accounting for inflationary impacts since 2018, increasing limits across multiple levels to enhance purchasing capacity. The policy updates reflect increased limits on contract values for micro-purchasing, limited international competition, and other procurement processes, reflecting a systematic adjustment to procurement authority within the organization:• Increased micro-purchasing limits: The maximum contract value for micro-p ...
The Procurement Methods Policy has been revised to incorporate the increased procurement thresholds across various contract values and procurement methods, accounting for inflationary impacts since 2018, increasing limits across multiple levels to enhance purchasing capacity. The policy updates reflect increased limits on contract values for micro-purchasing, limited international competition, and other procurement processes, reflecting a systematic adjustment to procurement authority within the organization:
• Increased micro-purchasing limits: The maximum contract value for micro-purchasing has been raised from $5,000 to $7,000, with some provisions allowing increases from $10,000 to $15,000 (Paragraphs 3 and 18) if approved by the Bureau. This change applies to direct contracting (Paragraphs 73 and 77) and requests for quotations (RFQ) in minimums as well (Paragraph 29).
• Higher thresholds for competitive procurement: The limits for limited international competition, invitations to bid (ITB), and requests for proposals (RFP) have been increased from $200,000 to $300,000 across multiple paragraphs (Paragraphs 3, 11, 14, 41, 52, and 53). This includes both minimum and maximum contract values for RFQ and RFP processes.
• Raised ex-ante review threshold: The minimum contract value for ex-ante review for RACP has been increased from $1,000,000 to $1,500,000 (Paragraph 79), indicating a higher threshold before such reviews are mandated.
The following templates have been updated to reflect the revised procurement thresholds in the policy: