Announcement of contract awards
Contracting officers must ensure timely public announcement of contract awards over $4.5 million by 5 p.m. on the day of award, following specific content and exclusion rules.
Overview
FAR 5.303 outlines the requirements for public and local announcements of federal contract awards exceeding $4.5 million, unless otherwise specified by agency regulations. The regulation ensures transparency by mandating timely disclosure of award information, while also specifying exceptions and procedures for both public and local announcements. It details the timing, content, and exclusions for such announcements, and references additional requirements for negotiated awards.
Key Rules
- Public Announcement Timing and Threshold
- Contracting officers must ensure information on contract awards over $4.5 million is available in time for a public announcement by 5 p.m. Washington, DC time on the day of award. No information may be released before this time.
- Exclusions from Announcement Requirement
- Awards to the SBA under Section 8(a), awards to foreign firms for overseas performance, and contracts exempted from synopsis under 5.202(a)(1) are excluded from this requirement.
- Local Announcements
- Agencies may announce awards to local media. For awards above the simplified acquisition threshold, specific information must be included, such as the method of award, number of offers, and basis for selection. Negotiated awards must follow the requirements of FAR 15.503(b).
Responsibilities
- Contracting Officers: Ensure timely and compliant release of award information, observe exclusions, and provide required details for local announcements.
- Contractors: No direct action, but should be aware of public disclosure practices.
- Agencies: Oversee compliance with announcement timing, content, and exclusions.
Practical Implications
- Promotes transparency in federal contracting by standardizing public disclosure of significant awards.
- Contractors should anticipate public release of award information and prepare for potential media attention.
- Common pitfalls include premature release of information or failure to include required details in local announcements.