Pre-Award [Federal Transit Administration] Law and Legal Definition

According to 49 CFR 663.5 [Title 49 – Transportation; Subtitle B Other Regulations Relating to Transportation; Chapter VI Federal Transit Administration, Department of Transportation; Part 663 Pre-Award and Post-Delivery Audits of Rolling Stock Purchases; Subpart A – General], pre-award means “that period in the procurement process before the recipient enters into a formal contract with the supplier.”