What is the dollar threshold for public announcement of contract awards?

The dollar threshold for the public announcement of contract awards is indeed set at $4,000,000. This threshold is significant because it establishes the minimum contract amount at which federal agencies are required to publicly announce the award. This transparency helps to ensure accountability and allows the public to remain informed about government spending and procurement activities.

When contracts exceed this amount, they often draw greater scrutiny and are subject to regulations and oversight intended to support fair competition and integrity in the contracting process. This threshold is periodically reviewed and can be adjusted based on various factors, including inflation and policy changes related to government contracting.

The other amounts listed do not meet the current standard for public announcement of contract awards, which is why they are not applicable in this context. Understanding this threshold is crucial for federal contract managers as it impacts reporting and compliance requirements associated with federal procurement actions.