For proposed contract actions expected to exceed what amount must the contracting officer synopsize in the Governmentwide point of entry?

The appropriate threshold for synopsizing proposed contract actions in the Governmentwide point of entry is established by the relevant federal acquisition regulations. Contracts expected to exceed $25,000 must be synopsized to ensure transparency and provide a fair opportunity for all vendors to compete for government contracts. This requirement is intended to promote competition and inform potential bidders about procurement opportunities, which aligns with government procurement policies aimed at increasing visibility and access to federal contracts. By requiring synopsization at this threshold, the government aims to enhance accountability and efficient use of taxpayer resources. The other amounts listed either fall below this threshold or are not mandated for synopsizing, making $25,000 the correct and definitive amount for this requirement.