A micro purchase for the acquisition of supplies shall not exceed?

A micro purchase for the acquisition of supplies shall not exceed?

• A. $1000
• B. $2500
• C. $3500
• D. $5000

Answer: (C)

A micro-purchase threshold sets the dollar limit below which you can buy supplies using informal, noncompetitive methods. The idea is to speed up small, routine acquisitions and reduce the paperwork involved, while still ensuring price reasonableness and proper vendor selection. For the acquisition of supplies, the maximum you can spend under micro-purchase procedures without moving into more formal processes is $3,500. That means a single purchase of supplies at or below this amount can be made with minimal formalities (often a purchase card or simple purchase order) as long as price reasonableness and supplier suitability are considered. If the cost would exceed that limit, you must apply more formal simplified acquisition procedures, such as obtaining quotes or competition.

A micro-purchase threshold sets the dollar limit below which you can buy supplies using informal, noncompetitive methods. The idea is to speed up small, routine acquisitions and reduce the paperwork involved, while still ensuring price reasonableness and proper vendor selection.

For the acquisition of supplies, the maximum you can spend under micro-purchase procedures without moving into more formal processes is $3,500. That means a single purchase of supplies at or below this amount can be made with minimal formalities (often a purchase card or simple purchase order) as long as price reasonableness and supplier suitability are considered. If the cost would exceed that limit, you must apply more formal simplified acquisition procedures, such as obtaining quotes or competition.