What is meant by “Threshold”?
Over the past few years, federal civilian and DoD government agencies generally have loosened their procedures for making small purchases (those under $25,000). They can now be made with three informal quotes obtained by telephone, fax, email or regular mail. Payment is made with a credit card or purchase order. The quotes themselves make up the purchase documentation so a buyer can act quickly and efficiently. Official buyers or contracting officers often make small purchases for program managers or end users. Since the end users may or may not provide buyers with preferred suppliers it is your challenge to market your company to all the people who may be making these decisions. They cannot mention your company as a preferred vendor if they do not know who you are.top Is it worth pursuing that business? Every level of government has their own thresholds. For example, Montgomery County in Maryland did over $64 million in non-bid business that was under their threshold. This is legitima
