What is the lowest threshold for a competitive acquisition that requires two levels below the SCCO?

The correct threshold for a competitive acquisition that necessitates review two levels below the Senior Contracting Officer (SCCO) is set at $25 million. This threshold is significant within federal procurement practices, where various levels of authority and oversight are established to ensure appropriate management and compliance with regulations.

In this case, acquisitions at or above this threshold require enhanced scrutiny to facilitate appropriate delegation of authority and to uphold best practices in competitive bidding processes. The need for a review two levels below the SCCO ensures that there is a thorough evaluation of the proposed acquisitions, which helps in maintaining accountability and transparency in government spending.

Understanding these thresholds is crucial for contracting officers and stakeholders involved in procurement, as it guides the necessary channels for approvals and ensures that the acquisition process adheres to federal guidelines, ultimately contributing to effective contract management and oversight.