If a contracting officer is leasing buses valued at $50,000, what publication requirement exists?

In the context of leasing contracts, particularly for buses valued at $50,000, there is a specific threshold that determines the necessary publication or notification requirements. Under the Federal Acquisition Regulation (FAR), contracts for commercial items valued below a certain amount, such as $50,000 in this scenario, generally do not mandate public posting or advertising requirements.

No posting is required for leases of this value, which means that the contracting officer can proceed without issuing a public notice or advertising the opportunity on platforms such as the Governmentwide Point of Entry (GPE) or local newspapers. This exemption allows for more streamlined processes, especially for smaller contracts, enabling quicker execution of necessary agreements without the delays associated with broader public announcements.

Understanding this context highlights why a posting is not necessary, as lower-value contracts are often meant to expedite procurement and provide flexibility for agencies when they need to lease equipment.