Micro-purchase acquisitions can play a crucial role in helping you get started and grow your business in government contracting. This procurement strategy offers a streamlined process for selling your goods and/or services to the government. Micro-purchases are designed to encourage competition among vendors while simplifying the purchasing process. In this article, we will delve into the steps involved in getting started in micro-purchase acquisitions, what is micro-purchasing, and emphasizing the significant benefit. I am also providing this as a comprehensive guide for any new or existing businesses looking to participate in government contracting using this procurement avenue.
First, you need to understand, what is Micro-Purchase Acquisitioning? Micro-purchase acquisitions involve small-scale government transactions typically below a certain threshold, often amounting to a few thousand dollars. The specific rules and thresholds vary across government...
