[Code of Federal Regulations] [Title 48, Volume 7] [Revised as of October 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 48CFR2914.408-1] [Page 26-27] TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM CHAPTER 29--DEPARTMENT OF LABOR Sec. 2914.408-1 General. (a) When only one bid is received in response to an invitation for bids, such bid may be considered and accepted if the contracting officer makes a written determination that: (1) The specifications used in the invitation were not unduly restrictive; (2) Adequate competition was solicited and it could have been reasonably assumed that more than one bid would have been submitted; (3) The price is reasonable; and (4) The bid is otherwise in accordance with the invitation for bids. (b) Such a determination must be placed in the contract file. PART 2915_CONTRACTING BY NEGOTIATION Subpart 2915.4_Contract Pricing Sec. Sec. 2915.405-70 Determining fair and reasonable price. Subpart 2915.5_Preaward, Award, and Postaward Notifications, Protests, and Mistakes Sec. 2915.508 Discovery of mistakes. Subpart 2915.6_Unsolicited Proposals Sec. 2915.604 Agency points of contact. Sec. 2915.605 Content of unsolicited proposals. Sec. 2915.606 Agency procedures. Authority: 5 U.S.C. 301; 40 U.S.C. 486(c). Source: 69 FR 22991, Apr. 27, 2004, unless otherwise noted. [[Page 27]] Subpart 2915.4_Contract Pricing