Common use of Procurement Records Clause in Contracts

Procurement Records. Procurement records and files for purchases in excess of the small purchase threshold shall include the following at a minimum: Basis for contractor selection; Justification for lack of competition when competitive bids or offers are not obtained; and Basis for award cost or price.

Appears in 2 contracts

Sources: Cost Reimbursable Agreement, Joint Venture Agreement

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 and (c) Basis for award cost or price.

Appears in 1 contract

Sources: Sub Recipient Agreement

Procurement Records. Procurement records and files for purchases in excess of the small purchase threshold shall include the following at a minimum: : (1) Basis for contractor selection; ; (2) Justification for lack of competition when competitive bids or offers are not obtained; and and (3) Basis for award cost or price.

Appears in 1 contract

Sources: Sub Recipient Agreement

Procurement Records. Procurement records and files for purchases in excess of the small purchase threshold shall include the following at a minimum: Basis (a) basis for contractor selection; Justification , (b) justification for lack of competition when competitive bids or offers are not obtained; , and Basis (c) basis for award cost or price.

Appears in 1 contract

Sources: Grants & Funding