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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter A - General |
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Part 3 - Improper Business Practices and Personal Conflicts of Interest |
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Subpart 3.7 - Voiding and Rescinding Contracts |
§ 3.701 - Purpose.
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3.701 Purpose.
This subpart provides -
(a) An administrative remedy with respect to contracts in relation to which there has been -
(1) A final conviction for bribery, conflict of interest, disclosure or receipt of contractor bid or proposal information or source selection information in exchange for a thing of value or to give anyone a competitive advantage in the award of a Federal agency procurement contract, or similar misconduct; or
(2) An agency head determination that contractor bid or proposal information or source selection information has been disclosed or received in exchange for a thing of value, or for the purpose of obtaining or giving anyone a competitive advantage in the award of a Federal agency procurement contract; and
(b) A means to deter similar misconduct in the future by those who are involved in the award, performance, and administration of Government contracts.
[62 FR 232, Jan. 2, 1997]