Contract and Grant Accounting Micro Purchase Threshold Update
- September 4th, 2018
- in Uncategorized
On July 30, 2018, The University of Alabama (UA) received approval from its cognizant agency for cost, the Department of Health and Human Services, to use the State bid threshold of $15,000 as its federal micro-purchase threshold. Purchases greater than or equal to $10,000 will no longer require additional documentation of competition and, instead, will follow standard policies and procedures related to competition. Other additional requirements for purchases from sponsored project funds (e.g. allowability, consistency, approvals) remain in place. Should you have any questions, please contact Contract and Grant Accounting.