New Federal Uniform Guidance Procurement Regulations Implemented
The University of Michigan (U-M) implemented new federal Uniform Guidance (UG) regulations for procurement on July 1, 2018.
When the UG went into effect in 2015, it combined a number of individual circulars from the U.S. Office of Management and Budget (OMB) into a single regulation aimed at increasing financial accountability and transparency. However, the procurement changes were delayed until July 1, 2018.
Fortunately, U-M's procurement policies have historically been closely aligned to federal requirements, so the impact of the new regulations is fairly minimal.
There are a few areas in procurement that deserve emphasis given the recent implementation of the new regulations.
Micropurchase Threshold—The micropurchase threshold is $10,000, again, the same as U-M's current bid limit.
Public Bidding—The UG requires public bidding for all purchases over $250,000, beginning October 1, 2018, because the UG's Simple Acquisition Threshold was raised to that amount.
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