What is the Simplified acquisition procedures threshold?

The Simplified Acquisition Procedures (SAP) threshold is the monetary limit set by the federal government for which simplified acquisition methods can be used to procure goods and services. As of my last update, the SAP threshold is typically $250,000, but this amount can be adjusted annually based on inflation. For certain acquisitions, such as those related to research and development, the threshold may differ. It's essential for contractors and agencies to stay updated on any changes to these thresholds.