for all federal purchases above 3000 and under 350000 what type of business is normally chosen as a supplier

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Business

Tasha

11 March, 17:22

for all federal purchases above 3000 and under 350000 what type of business is normally chosen as a supplier

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Red Velvet · Answer 1

See explanation below.

Explanation:

Simplified Acquisition Procedures refer to a set of procedures which the government uses for procurement in the United States. This procedure reduces the administrative burden of awarding procurement below a threshold value, which as of 2019 the Simplified Acquisition Threshold was increased from $150,000 to $250,000.

For federal purchases above $3,000 but under $350,000, the government chooses small businesses as the suppliers.