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Micro-purchases, typically defined as transactions below a certain dollar threshold (often $10,000), generally have fewer competition requirements. For these purchases, government agencies can use simplified acquisition procedures, allowing them to acquire goods and services without the need for formal bidding processes. While competition is still encouraged, agencies can often make purchases directly from vendors without extensive market research or solicitation efforts. However, they must still ensure that they are obtaining fair and reasonable prices.

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2mo ago

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