GSA raises minimum thresholds to support Hurricane Harvey relief

The General Services Administration has relaxed certain contracting rules to expedite rebuilding efforts in the aftermath of recent hurricanes.

Specifically, GSA has raised the micro purchase threshold, the simplified acquisition threshold, and the simplified leasing acquisition threshold, in order to address the needs created by Hurricane Harvey.

GSA increased the micro-purchase threshold to $20,000; the simplified acquisition threshold to $750,000, or $13,000,000 for commercial items; and the simplified lease acquisition threshold to $750,000.

Senior Procurement Executive Jeffrey Kose signed the memo increasing the thresholds Aug. 29.

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Edward A. Zurndorfer Certified Financial Planner
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