74.46—Procurement records.

Procurement records and files for purchases in excess of the small purchase threshold must 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;

(Approved by the Office of Management and Budget under control number 1880-0513)

Code of Federal Regulations

(Authority: 20 U.S.C. 1221e-3, 3474 ; OMB Circular A-110)

[59 FR 34724, July 6, 1994, as amended at 60 FR 6660, Feb. 3, 1995]