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Code of Federal Regulations Title 48. Federal Acquisition Regulations System 570.402-1 570.402–1 General

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) If a succeeding lease for the continued occupancy of space in a building does not exceed the simplified lease acquisition threshold, the contracting officer may use the simplified procedures in 570.2. Explain the absence of competition in the contract file.

(b) If a succeeding lease will exceed the simplified lease acquisition threshold, the contracting officer may enter into the lease under either of the following conditions:

(1) The contracting officer does not identify any potential acceptable locations.

(2) The contracting officer identifies potential acceptable locations, but a cost-benefit analysis indicates that award to an offeror other than the present lessor will result in substantial relocation costs or duplication of costs to the Government, and the Government cannot expect to recover such costs through competition.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 570.402-1 570.402–1 General - last updated January 01, 2024 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/48-cfr-570-402-1.html

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