Finding 2024‐003 ‐ Procurement Management response. Management acknowledges the auditor's observation regarding the documentation and application of federal procurement requirements for the construction contract reviewed. The Foundation's response is to strengthen the prospective procurement process and the contemporaneous procurement file for all purchases and contracts supported by federal awards. The draft finding identifies no questioned costs. Corrective action already implemented / being implemented. The Foundation is implementing the procurement controls established in the Foundation Financial & Procurement Manual for compliance with applicable requirements under 2 CFR Part 200. For federally funded procurements, the process includes: Documenting the federal‐funding applicability determination and selecting the procurement method based on the applicable threshold and circumstances. Obtaining and retaining the required bids, quotes, or proposals; documenting the basis for contractor selection; and recording required approvals and conflict‐of‐interest considerations. Completing and retaining a cost or price analysis when required, including the basis for determining that the proposed price is reasonable. Using a procurement‐file checklist that captures the solicitation, responses, evaluation, award decision, contract, required federal clauses, invoices, approvals, and related correspondence. Requiring management review of the procurement file before contract execution and, where applicable, before payment or reimbursement under the federal award.