[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR24.220]



[Page 252]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 24_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table 

of Contents

 

                     Subpart B_Covered Transactions

 

Sec.  24.220  Are any procurement contracts included as covered 

transactions?



    (a) Covered transactions under this part--

    (1) Do not include any procurement contracts awarded directly by a 

Federal agency; but

    (2) Do include some procurement contracts awarded by non-Federal 

participants in nonprocurement covered transactions (see appendix to 

this part).

    (b) Specifically, a contract for goods or services is a covered 

transaction if any of the following applies:

    (1) The contract is awarded by a participant in a nonprocurement 

transaction that is covered under Sec.  24.210, and the amount of the 

contract is expected to equal or exceed $25,000.

    (2) The contract requires the consent of a(n) HUD official. In that 

case, the contract, regardless of the amount, always is a covered 

transaction, and it does not matter who awarded it. For example, it 

could be a subcontract awarded by a contractor at a tier below a 

nonprocurement transaction, as shown in the appendix to this part.

    (3) The contract is for federally-required audit services.