§ 19.220. Are any procurement contracts included as covered transactions?
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/us/cfr/t31/s§ 19.220·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Covered transactions under this part---
(1)Do not include any procurement contracts awarded directly by a Federal agency; but
(2)Do include some procurement contracts awarded by non-Federal participants in nonprocurement covered transactions (see appendix to this part).
(b)Specifically, a contract for goods or services is a covered transaction if any of the following applies:
(1)The contract is awarded by a participant in a nonprocurement transaction that is covered under § 19.210, and the amount of the contract is expected to equal or exceed \$25,000.
(2)The contract requires the consent of a(n) Department of the Treasury official. In that case, the contract, regardless of the amount, always is a covered transaction, and it does not matter who awarded it. For example, it could be a subcontract awarded by a contractor at a tier below a nonprocurement transaction, as shown in the appendix to this part.
(3)The contract is for federally-required audit services.