The purpose of this part is to prescribe simplified acquisition procedures in order to-

1. (a) Reduce administrative costs;

2. (b) Improve opportunities for small, small disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns to obtain a fair proportion of Government contracts;

3. (c) Promote efficiency and economy in contracting; and

4. (d) Avoid unnecessary burdens for agencies and contractors.