1. SAP Glossary
  2. Procurement for Public Sector
  3. simplified acquisition threshold


What is 'simplified acquisition threshold' in SAP PSM-GPR - Procurement for Public Sector?


simplified acquisition threshold - Overview


simplified acquisition threshold - Details


  • Key Concepts: The simplified acquisition threshold (SAT) is a dollar amount set by the Federal Acquisition Regulation (FAR) that determines when a purchase must be made using simplified acquisition procedures. The SAT is currently set at $250,000 for most purchases. When the purchase price exceeds the SAT, more complex procurement procedures must be followed.
    How to use it: In SAP PSM-GPR Procurement for Public Sector, the simplified acquisition threshold is used to determine when a purchase must be made using simplified acquisition procedures. When the purchase price exceeds the SAT, more complex procurement procedures must be followed.
    Tips & Tricks: When making a purchase that exceeds the SAT, it is important to ensure that all of the necessary procurement procedures are followed in order to ensure compliance with the FAR.
    Related Information: For more information on the simplified acquisition threshold and other procurement regulations, please refer to the Federal Acquisition Regulation (FAR).

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simplified acquisition threshold - Related SAP Terms

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