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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 14 - Aeronautics and Space |
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Chapter V - National Aeronautics and Space Administration |
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Part 1274 - Cooperative Agreements With Commercial Firms |
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Subpart 1274.5 - Procurement Standards |
§ 1274.507 - Procurement records.
Latest version.
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§ 1274.507 Procurement records.
Procurement records and files for purchases in excess of the simplified acquisition threshold shall include the following at a minimum:
(a) Basis for contractor selection.
(b) Justification for lack of competition when competitive bids or offers are not obtained.
(c) Basis for award cost or price.