[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR3.701]

[Page 54-55]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 3--IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST--Table of Contents
 
              Subpart 3.7--Voiding and Rescinding Contracts
 
Sec. 3.701  Purpose.

    This subpart provides--

[[Page 55]]

    (a) An administrative remedy with respect to contracts in relation 
to which there has been--
    (1) A final conviction for bribery, conflict of interest, disclosure 
or receipt of contractor bid or proposal information or source selection 
information in exchange for a thing of value or to give anyone a 
competitive advantage in the award of a Federal agency procurement 
contract, or similar misconduct; or
    (2) An agency head determination that contractor bid or proposal 
information or source selection information has been disclosed or 
received in exchange for a thing of value, or for the purpose of 
obtaining or giving anyone a competitive advantage in the award of a 
Federal agency procurement contract; and
    (b) A means to deter similar misconduct in the future by those who 
are involved in the award, performance, and administration of Government 
contracts.

[62 FR 232, Jan. 2, 1997]