§ 74.46 - Procurement records.

Latest version.

Procurement records and files for purchases in excess of the small purchase threshold must 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.
(Approved by the Office of Management and Budget under control number 1880–0513)
(Authority: 20 U.S.C. 1221e–3, 3474; OMB Circular A–110)
[59 FR 34724, July 6, 1994, as amended at 60 FR 6660, Feb. 3, 1995]

                    
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