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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 5 - General Services Administration |
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SubChapter F - Special Categories of Contracting |
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Part 538 - Federal Supply Schedule Contracting |
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Subpart 538.2 - Establishing and Administering Federal Supply Schedules |
§ 538.271 - FSS contract awards.
Latest version.
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538.271 FSS contract awards.
(a) FSS awards will be for commercial items as defined in FAR 2.101. products and commercial services.
(b) Before awarding any FSS contract, determine that the offered prices are fair and reasonable (see FAR subpart 15.4 and 538.270). Document the negotiation and your determination using FAR 15.406-3 as guidance.
[64 FR 37227, July 9, 1999, as amended at 81 FR 41137, June 23, 2016; 84 FR 17039, Apr. 23, 2019; 86 FR 68443, Dec. 2, 2021]