§ 505.204-70 - Presolicitation notices used in connection with market searches for competitive sources.

(a) The term “sources-sought synopsis” means the type of Commerce Business Daily (CBD) notice designed to identify potential sources for procurements. The sources-sought synopsis provides an opportunity for the marketplace to indicate its interest in submitting offers for future acquisitions. It is normally used to discover if more than one firm is interested and qualified to provide a particular product or service, although a solicitation is not yet available. This type of synopsis has particular application when one contractor is thought to be uniquely capable of meeting the Government's minimum requirements and verification of this opinion is needed.

(b) Sources-sought notices publicizing the Government's interest in anticipated supply or service procurements may be published in the CBD, using the general format outlined in 505.207, except where security considerations prohibit such publication. A sources-sought synopsis may be published in connection with market searches for sources of supply or services, other than those discussed in FAR 5.205, when a sources-sought synopsis is required to test the marketplace for competitive sources. In conjunction with that solicitation, the specific procurement of the supply or service must be publicized in the CBD as required by FAR 5.201, unless the contract action will be made through interim or full FACNET.