What is the maximum contract value for which a contracting officer's certification can approve justification for other than full and open competition?

For contracting officers, the maximum contract value for which they can approve justification for other than full and open competition is guided by the Federal Acquisition Regulation (FAR). According to FAR Part 6, specifically in the context of the statutory limits, the correct figure is typically linked to the simplified acquisition threshold.

As of the most recent updates prior to October 2023, contracts up to $700,000 are generally eligible for such approvals. This threshold is significant because it allows contracting officers to facilitate quicker decisions on contracts when full and open competition may not be feasible, such as in instances where only one source is available or where urgent and compelling needs exist.

This system is designed to provide flexibility and efficiency within the procurement process while still ensuring that there are safeguards to maintain fairness and competition where possible. Understanding this limit is crucial for federal contractors and acquisition professionals as it plays a role in strategic planning and compliance with federal regulations.