41 USC 1712 – Record requirements
(a)
Terms Used In 41 USC 1712
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b)
(1) competitive procedures—
(A) the date of contract award;
(B) information identifying the source to whom the contract was awarded;
(C) the property or services the Federal Government obtains under the procurement; and
(D) the total cost of the procurement; or
(2) procedures other than competitive procedures—
(A) the information described in paragraph (1);
(B) the reason under section 3304(a) of this title or section 3204(a) of title 10 for using the procedures; and
(C) the identity of the organization or activity that conducted the procurement.
(c)
(d)
(1) ensure the accuracy of the information included in the record established and maintained by the agency under subsection (a); and
(2) transmit in a timely manner such information to the General Services Administration for entry into the Federal Procurement Data System referred to in section 1122(a)(4) of this title, or any successor system.