According to UG 200.88, what is the simplified acquisition threshold?

The simplified acquisition threshold is set at $150,000. This figure represents the upper limit for certain procurement actions by federal agencies, allowing them to use streamlined procedures when making purchases below this amount. This threshold is established to facilitate easier and quicker acquisitions made by the government, fostering participation from a broader range of suppliers, particularly small businesses.

Purchases that fall under this threshold are subject to less stringent regulatory requirements, which benefits both the government and vendors by reducing the complexity and time associated with the procurement process. Therefore, understanding this limit is vital for radiology administrators who may be involved with purchasing equipment or services while complying with federal procurement regulations.

Other options such as $50,000 and $500,000 miss the mark as those figures do not reflect the current designated threshold, while stating there is no threshold altogether overlooks the established guidelines provided by the government.