[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR3.700]

[Page 55]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 3_IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST--Table of Contents
 
              Subpart 3.7_Voiding and Rescinding Contracts
 
Sec.  3.700  Scope of subpart.

    Source: 51 FR 27116, July 29, 1986, unless otherwise noted.


    (a) This subpart prescribes Governmentwide policies and procedures 
for exercising discretionary authority to declare void and rescind 
contracts in relation to which--
    (1) There has been a final conviction for bribery, conflict of 
interest, disclosure or receipt of contractor bid or proposal 
information or source selection information in exchange for a thing of 
value or to give anyone a competitive advantage in the award of a 
Federal agency procurement contract, or similar misconduct; or
    (2) There has been an agency head determination that contractor bid 
or proposal information or source selection information has been 
disclosed or received in exchange for a thing of value, or for the 
purpose of obtaining or giving anyone a competitive advantage in the 
award of a Federal agency procurement contract.
    (b) This subpart does not prescribe policies or procedures for, or 
govern the exercise of, any other remedy available to the Government 
with respect to such contracts, including but not limited to, the common 
law right of avoidance, rescission, or cancellation.

[51 FR 27116, July 29, 1986, as amended at 62 FR 232, Jan. 2, 1997]