[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: 48CFR3.701]



[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. 3.701  Purpose.



    This subpart provides--

    (a) An administrative remedy with respect to contracts in relation 

to which there has been--

    (1) 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) 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; and

    (b) A means to deter similar misconduct in the future by those who 

are involved in the award, performance, and administration of Government 

contracts.



[62 FR 232, Jan. 2, 1997]