48 CFR § 503.703 - 503.703 Authority.

---
identifier: "/us/cfr/t48/s503.703"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 503.703 - 503.703   Authority."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "503.703"
section_name: "503.703   Authority."
chapter_number: 5
chapter_name: "GENERAL SERVICES ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "GENERAL"
part_number: "503"
part_name: "IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "40 U.S.C. 121(c)."
regulatory_source: "64 FR 37204, July 9, 1999, unless otherwise noted."
cfr_part: "503"
---


# 503.703 503.703   Authority.

Pursuant to FAR 3.703 and 3.705(b), the authority to void or rescind contracts resides with the Senior Procurement Executive.

[74 FR 51512, Oct. 7, 2009]