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Source selection information refers to specific details collected by an agency to evaluate bids or proposals for procurement contracts. This information is not publicly available and includes:
Bid prices submitted in response to invitations for bids.
Proposed costs or prices from solicitations.
Source selection and technical evaluation plans.
Evaluations of proposals, including cost or price assessments.
Determinations of competitive ranges for contract awards.
Rankings of bids or proposals.
Reports from source selection panels or advisory councils.
Any additional information marked as source selection information by agency officials.
Table of content
Legal Use & context
Source selection information is primarily used in procurement law and government contracting. It plays a critical role in ensuring fair competition and transparency in the bidding process. Agencies rely on this information to assess which bids have the potential for contract awards. Users can manage related forms and procedures with tools like US Legal Forms, which provide templates for various procurement-related documents.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: An agency receives multiple bids for a construction project. The bid prices and technical evaluations are considered source selection information until a contract is awarded.
Example 2: A government agency prepares a source selection plan outlining how it will evaluate proposals for a new IT system. This plan remains confidential until the evaluation process concludes.
Relevant laws & statutes
The primary regulation governing source selection information is found in the Federal Acquisition Regulation (FAR), specifically 48 CFR 2.101. This regulation outlines the definition and scope of source selection information in federal procurement.
Common misunderstandings
What to do if this term applies to you
If you are involved in a bidding process and believe your proposal contains source selection information, ensure that it is marked appropriately. If you have questions about the process or need assistance, consider using US Legal Forms for templates or consult a legal professional for tailored advice.
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