The FAR Council issued  Federal Acquisition Circular 2005-13 September 28 amending the FAR.  Though several more changes were made, the most significant to our readers address increased thresholds for inflation where the most important are:

Micro-purchase threshold at FAR 2.101 - $3,000
Federal Procurement Data System threshold at FAR 4-602(c) - $3,000
Commercial item test program ceiling at FAR 13.500 - $5,500,000
Prime contractor subcontracting plan at FAR 19.702 - $550,000 ($1,000,000 for construction)
Truth in Negotiations Act cost and pricing data at FAR 15.403, 15.403-4, 42.7 - $650,000

The rule writers noted that many thresholds were considered but not adjusted because  the inflation was insufficient to overcome rounding requirements such as thresholds of $1,000, $10,000, $100,000 and $1,000,000.

{TAG_FORM_TITLE}