Apr 18, 2019 | Demetrice Mitchell Revised April 17, 2019 On June 20, 2018 the Office of Federal Financial Management issued a memo (m-18-18) stating that the federal micro purchase threshold had been raised from $3,500 to $10,000. Purchases under $10,000 will no longer require additional documentation of competition, but will follow the standard policies and procedures (Policies & Procedures Manual - Procurement Services Rev. Nov. 2016, Section VII.2. Bids and Pricing Guidelines). Purchases $10,000 or more will require additional documentation of competition. Purchases $15,000 or more will be bid or declared a sole-source. If you have any questions, please contact our office at ext. 6484.