245.7307-1  General.

(a)  Non-competitive sales include purchases or retention at less than cost by the contractor.

(b)  Non-competitive sales may be made when-

(1)  The contracting department/agency or the plant clearance officer determines that this method is essential to expeditious plant clearance;

(2)  The sale is otherwise justified on the basis of circumstances listed in 245.7307-2;

(3)  The Government's interests are adequately protected; and

(4)  FAR Subpart 1.7 requires are met.

(c) Non-competitive sales shall be at fair and reasonable prices not less than those reasonably expected under competitive sale.