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AWARD / CONTRACT 2. CONTRACT (PRO. INST. DENT.) NO.1. THIS CONTRACT IS A RATED ORDER UNDER PAS (15 CFR 350) 3. EFFECTIVE DATEFA873215D0038 15 MAY 2015 CODE 5. ISSUED BY AFL CMC/ HIS FA8732 DEPARTMENT
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Subpart 53 synopses of contract refers to the requirements outlined in the Federal Acquisition Regulation (FAR) that mandate agencies to publish summaries of their contracts to promote transparency and allow for public awareness of government contracting activities.
Federal agencies and departments that engage in contractual agreements are required to file subpart 53 synopses of contracts.
To fill out the subpart 53 synopses of contract, agencies must provide specific information about the contract, including the agency name, contract title, description of the required services or goods, and award details. Forms and templates may be available through the FAR or agency procurement offices.
The purpose of subpart 53 synopses of contract is to ensure transparency in government contracting, provide information to potential bidders, and promote competition in the procurement process.
Information that must be reported includes the contract title, a description of the procurement, contracting officer details, anticipated contract award date, and estimated dollar value.
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