CFR /  Title 38  /  Part 49  /  Sec. 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)