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CFR

49.46—Procurement records.

Procurement records and files for purchases in excess of the small purchase 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, and
(c) Basis for award cost or price.
(Authority: Pub. L. 104-156; 110 Stat. 1396)
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