CFR > Title 15 - Commerce and Foreign Trade > SUBTITLE A—Office of the Secretary of Commerce > PART 14—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, OTHER NON-PROFIT, AND COMMERCIAL ORGANIZATIONS > SUBPART C—Post-Award Requirements (§14.20 to §14.62) > 14.46—Procurement records.

14.46—Procurement records.

Procurement records and files for purchases in excess of the simplified acquisition 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.