DOD, GSA, and NASA issued a final rule, published July 2, 2015, amending the FAR to adjust acquisition-related thresholds for inflation. In accordance with the U.S. Code, FAR acquisition-related thresholds must be adjusted for inflation every five years using the Consumer Price Index for all urban consumers. Nonstatutory FAR acquisition-related thresholds are also amended in this way as a matter of policy.
The final rule, effective October 1, 2015, addresses the following frequently-used thresholds:
In a Final Regulatory Flexibility Analysis (FRFA), DOD, GSA, and NASA explain that the rule was intended to simply adjust for the changing value of the dollar, maintaining the status quo. However, the agencies concede that the increase of the micro-purchase threshold may temporarily decrease the number of acquisitions automatically reserved for small business concerns. In addition, the FRFA projects that while the simplified acquisition threshold of $150,000 remains unchanged, it may increase to $200,000 by 2020.