In competitive acquisitions, what is the clearance threshold for awards between $50 million and $1 billion?

In competitive acquisitions, the clearance threshold for awards between $50 million and $1 billion is established to ensure that contracting actions align with agency objectives and regulatory requirements. The correct answer identifies the Senior Contracting and Compliance Officer (SCCO) as the appropriate authority responsible for providing the necessary clearance for such significant awards.

The SCCO has the required level of oversight and authority to review contracts above certain monetary thresholds, which helps maintain accountability and oversight within the contracting process. This role is crucial in ensuring that contracts are executed with appropriate compliance, considering the potential impact of these contracts on the agency and its resources.

Understanding the responsibilities of the SCCO aids in recognizing why this position is essential for managing larger awards, as it ensures that contracts are planned, executed, and monitored effectively within the bounds of federal acquisition regulations. Each organization's specific policies may vary, but the role of the SCCO typically encompasses a significant portion of this oversight, particularly for high-value contracts.