§1471.220. Are any procurement contracts included as covered transactions?
29 C.F.R. § 1471.220
Covered transactions under this part—
Do not include any procurement contracts awarded directly by a Federal agency; but
Do include some procurement contracts awarded by non-Federal participants in nonprocurement covered transactions (see appendix to this part).
Specifically, a contract for goods or services is a covered transaction if any of the following applies:
The contract is awarded by a participant in a nonprocurement transaction that is covered under § 1471.210, and the amount of the contract is expected to equal or exceed $25,000.
The contract requires the consent of a(n) FMCS official. In that case, the contract, regardless of the amount, always is a covered transaction, and it does not matter who awarded it. For example, it could be a subcontract awarded by a contractor at a tier below a nonprocurement transaction, as shown in the appendix to this part.
The contract is for federally-required audit services.
Notes, amendments, and revision history
Authority
Authority: E.O. 12549 ,3 CFR 1986 Comp., p. 189; E.O. 12698, 3 CFR 1989 Comp., p. 235; sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); 29 U.S.C. 175a.
Source
Source: 68 FR 66544, 66603, 66604, Nov. 26, 2003, unless otherwise noted.