FPI Board of Directors Resolution
Blanket Waiver of Small Dollar-Value Purchases
Amendment Effective Date April 12, 2007; supercedes May 22, 2003 Resolution
The Amendment reads:
This notice announces a decision by the Board of Directors for Federal Prison Industries, Inc. (FPI), to hereby increase the blanket waiver relating to small dollar-value purchases from the existing threshold of $2,500 to a threshold of $3,000. This waiver of mandatory source for purchases totaling $3,000 or less is effective immediately. Customers may, however, still purchase from FPI at or below this threshold, if they so choose. No waiver is required to buy from an alternative source. Interested parties have a right to comment or raise questions with FPI's Board of Directors. All written correspondence should be addressed to: Chief, Corporate Marketing and Constituent Relations, Strategic Business Development and Marketing Branch, Federal Prison Industries, Inc., 320 First Street, NW, Washington, D.C. 20534.
Earlier Resolution effective Date May 22, 2003
The Resolution reads:
(1) The Board of Directors of Federal Prison Industries, Inc., hereby increases the blanket waiver relating to small dollar-value purchases from Federal Prison Industries, Inc., from the existing threshold to a threshold of $2,500.
(2) Such increases shall become effective upon the publication of appropriate modifications to the Government-wide Federal Acquisition Regulation (FAR) and such FAR supplements, as may be required.
(3) The federal customer may continue to consider FPI as a source of supply.
