The Federal Acquisition Streamlining Act (FASA) of 1994 made key changes to the ways that federal agencies conduct their simplified acquisitions (previously called “small purchases”). The act underscored the government’s long-standing policy of filling requirements through the use of simplified procedures designed to reduce administrative costs and widen opportunities for small and disadvantaged businesses to obtain a fair proportion of government contracts. Among other changes, the law introduced a $100,000 threshold, revised the policies governing set-aside and preference programs, provided super-streamlined procedures for “micro-purchases,” and identified laws and requirements that are inapplicable to simplified acquisitions.
This course provides in-depth, up-to-the-minute coverage on the full range of small-purchase policies and procedures, including the revised Federal Acquisition Regulation (FAR) language. In addition to explaining the many changes that have occurred in the simplified acquisition arena, the course also emphasizes the well-established rules that have not changed with FASA, such as compliance with FAR Part 8, required source of supply, the regulatory prohibition against splitting orders, and contract reporting.