[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1274.507]



[Page 482]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents

 

                  Subpart 1274.5_Procurement Standards

 

Sec. 1274.507  Procurement records.



    Procurement records and files for purchases in excess of the 

simplified acquisition threshold shall include the following at a 

minimum:

    (a) Basis for contractor selection.

    (b) Justification for lack of competition when competitive bids or 

offers are not obtained.

    (c) Basis for award cost or price.