14 C.F.R. § 1274.507   Procurement records.


Title 14 - Aeronautics and Space


Title 14: Aeronautics and Space
PART 1274—COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS
Subpart 1274.5—Procurement Standards

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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.

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