On April 23, 2018, an announcement was posted regarding the implementation of (1) Policy 2.111 Purchases Over $250,000 Using Federal Funds, and (2) an RCUH SuperQUOTE account.
The $250,000 threshold referenced in the draft Policy 2.111 was based on the federal simplified acquisition threshold (SAT), as authorized by the National Defense Authorization Act for Fiscal Year 2018. RCUH has recently been informed, however, that because the new SAT amount of $250,000 has not yet been included in the Federal Acquisition Regulation (FAR), RCUH should refrain from utilizing the $250,000 threshold to avoid inconsistencies (some federal agencies have adopted the new limit, some have not). As such, Policy 2.111 has been revised to note an SAT amount of $150,000 (currently referenced in the FAR), which will remain in place until the new $250,000 SAT amount is adopted by the FAR.
In addition, the language in Section II.B.3. of Policy 2.111 has also been revised to clarify the procedures that must be followed if there is a discrepancy with regard to the low bid.
Policy 2.111 Purchases Over $150,000 Using Federal Funds, shall be effective July 1, 2018.
Questions may be directed to Erin Yoda, RCUH Procurement and Disbursing Manager, at 808-956-3969 or [email protected].