C.F.R. » Title 41 » CHAPTER 105—GENERAL SERVICES ADMINISTRATION › PART 105-72—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS › Subpart 105-72.50—Post-Award Requirements/Procurement Standards

41 C.F.R. § 105-72.506

Procurement records

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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.