1. Regulations
  2. title 48
  3. chapter 1
  4. part 3
  5. subpart 3.5
  6. § 3.501-1

View all text of Subpart 3.5 [3.501 - 3.503-2]

3.501-1 - 3.501-1 Definition.

Buying-in as used in this section, means submitting an offer below anticipated costs, expecting to—

(1) Increase the contract amount after award (e.g., through unnecessary or excessively priced change orders); or

(2) Receive follow-on contracts at artificially high prices to recover losses incurred on the buy-in contract.

[48 FR 42108, Sept. 19, 1983, as amended at 66 FR 2127, Jan. 10, 2001]

AUTHORITY: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

SOURCE: 48 FR 42108, Sept. 19, 1983, unless otherwise noted.

CITE AS: 48 CFR 3.501-1