Certified Research Administrator Practice Exam

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

1. $150,000

2. There is no threshold

3. $50,000

4. $500,000

The correct answer is: $150,000

The simplified acquisition threshold is established to facilitate the procurement process for federal agencies, particularly for obtaining goods and services. As per UG 200.88, the threshold is set at $150,000, which allows federal agencies to conduct streamlined acquisitions with less stringent documentation and regulatory requirements. This threshold helps in reducing the administrative burden and encourages small businesses to participate in federal contracts. When the acquisition amount is below this threshold, it typically allows for quicker purchasing decisions and a more straightforward procurement process, thereby enhancing efficiency in government spending. This context is critical for individuals involved in research administration or grant management, as it directly impacts budgeting and procurement practices within their organizations. Understanding this figure is essential for compliance with federal regulations and proper allocation of funds in research projects.