[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: 48CFR5.303]

[Page 89-90]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 5_PUBLICIZING CONTRACT ACTIONS--Table of Contents
 
                 Subpart 5.3_Synopses of Contract Awards
 
Sec.  5.303  Announcement of contract awards.

    (a) Public announcement. Contracting officers shall make information 
available on awards over $3 million (unless another dollar amount is 
specified in agency acquisition regulations) in sufficient time for the 
agency concerned to announce it by 5:00 p.m. Washington, DC time on the 
day of award. Contracts excluded from this reporting requirement include 
(1) those placed with the Small Business Administration under Section 
8(a) of the Small Business Act, (2) those placed with foreign firms when 
the place of delivery or performance is outside the United States and 
its outlying areas, and (3) those for which synopsis was exempted under 
5.202(a)(1). Agencies shall not release information on awards before the 
public release time of 5:00 p.m. Washington, DC time.
    (b) Local announcement. Agencies may also release information on 
contract awards to the local press or other media. When local 
announcements are made for contract awards in excess of

[[Page 90]]

the simplified acquisition threshold, they shall include--
    (1) For awards after sealed bidding, a statement that the contract 
was awarded after competition by sealed bidding, the number of offers 
solicited and received, and the basis for selection (e.g., the lowest 
responsible bidder); or
    (2) For awards after negotiation, the information prescribed by 
15.503(b), and after competitive negotiation (either price or design 
competition), a statement to this effect, and in general terms the basis 
for selection.

[48 FR 42119, Sept. 19, 1983, as amended at 50 FR 1729, Jan. 11, 1985; 
50 FR 52429, Dec. 23, 1985; 52 FR 30076, Aug. 12, 1987; 55 FR 3881, Feb. 
5, 1990; 56 FR 67128, Dec. 27, 1991; 59 FR 67017, Dec. 28, 1994; 60 FR 
34747, July 3, 1995; 60 FR 42653, Aug. 16, 1995; 61 FR 39190, July 26, 
1996; 61 FR 69289, Dec. 31, 1996; 62 FR 51270, Sept. 30, 1997; 68 FR 
28080, May 22, 2003]