What is the micro-purchase threshold for construction?

The micro-purchase threshold for construction is set at $2,000. This means that contracts for construction projects that do not exceed this amount can be awarded without needing to go through the standard procurement process that is more complex and time-consuming. The micro-purchase threshold allows for more efficient purchasing in low-cost situations, enabling agencies to respond quickly to needs without the burden of extensive paperwork or formal bidding processes.

It's essential to note that this limit is established as part of the broader guidelines under the Federal Acquisition Regulation (FAR) and is designed to streamline the government’s purchasing capability for smaller-scale projects while maintaining oversight. Understanding this threshold is crucial for those involved in government procurement, ensuring compliance with fiscal limits and processes.