[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR3.700]



[Page 56]

 

            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]