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3.701 Purpose.

3.701 Purpose.

This subpart provides-

      (a) An administrative remedy with respect to contracts in relation to which there has been-

           (1) A final conviction for bribery, conflict of interest, disclosure or receipt of contractor bid or proposal information or source selection information in exchange for a thing of value or to give anyone a competitive advantage in the award of a Federal agency procurement contract, or similar misconduct; or

           (2) An agency head determination that contractor bid or proposal information or source selection information has been disclosed or received in exchange for a thing of value, or for the purpose of obtaining or giving anyone a competitive advantage in the award of a Federal agency procurement contract; and

      (b) A means to deter similar misconduct in the future by those who are involved in the award, performance, and administration of Government contracts.