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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 3 - Health and Human Services |
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SubChapter C - Contracting Methods and Contract Types |
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Part 315 - CONTRACTING BY NEGOTIATION |
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Subpart 315.3 - Source Selection |
§ 315.371 - Contract preparation and award.
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(a) After completing any activities that may be necessary to finalize details with the selected offeror, the Contracting Officer shall—
(1) Prepare the negotiation memorandum in accordance with 315.372;
(2) Prepare the contract containing all agreed to terms and conditions and clauses required by law or regulation;
(3) Include in the contract file the pertinent documents referenced in FAR 4.803; and
(4) Obtain the appropriate approval of the proposed contract award(s) in accordance with subpart 304.71 and contracting activity procedures.
(b) After receiving the required approvals, the Contracting Officer shall—
(1) Transmit the contract to the prospective contractor for signature; and
(2) Inform the prospective contractor that the contract is not effective until the Contracting Officer transmits the fully executed contract to the contractor.
(c) The Contracting Officer shall not sign or issue the contract until the finance office certifies that the funds are available for obligation.