5.302
Preparation and transmittal of synopses of awards
Contracting officers must prepare and transmit contract award synopses using the same procedures as outlined in FAR 5.207 to ensure transparency and compliance.
Overview
FAR 5.302 requires contracting officers to prepare and transmit synopses of contract awards using the same procedures outlined in FAR 5.207. This ensures consistency in how award information is communicated to the public and relevant stakeholders. The section reinforces the importance of timely and accurate dissemination of contract award details, supporting transparency and competition in federal procurement.
Key Rules
- Preparation and Transmittal
- Contracting officers must follow the procedures in FAR 5.207 when preparing and transmitting synopses of contract awards.
- Consistency with Prescribed Methods
- The same methods and formats used for pre-award synopses apply to post-award synopses.
Responsibilities
- Contracting Officers: Must ensure that synopses of contract awards are prepared and transmitted in accordance with FAR 5.207 procedures.
- Contractors: No direct action required, but should be aware that award information will be publicly posted.
- Agencies: Must oversee that contracting officers comply with these requirements for transparency and reporting.
Practical Implications
- This section exists to maintain transparency and public notice of federal contract awards.
- It impacts daily contracting by standardizing how award information is shared, reducing errors and omissions.
- Common pitfalls include failing to follow the correct procedures or omitting required information, which can lead to compliance issues or protests.