Simplified Acquisitions refer to procurement procedures that prescribe methods for acquiring supplies and services, including construction, research and development, and commercial items, which do not require the use of sealed bids or proposals. It is a streamlined purchasing method, designed to reduce the amount of paperwork and time required to procure goods and services, particularly for smaller purchases, up to a certain threshold.
This mechanism is usually used by federal agencies, including General Services Administration (GSA), when the value of the procurement does not exceed simplified acquisition threshold (SAT). The process of Simplified Acquisitions is guided by Federal Acquisition Regulations (FAR) and the intent is to promote efficiency, economy, and reduce administrative costs. It also encourages increased participation of small businesses, thereby fostering competition and innovation.
