Code of Federal Regulations · Section
§ 3.501-1 — 3.501-1 Definition
48 C.F.R. § 3.501-1
View:
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.
Authorizing Statute
-
Administrative40 U.S.C. § 121
-
Powers of the Administration in performance of functions51 U.S.C. § 20113
-
Chapter 137 legacy provisions10 U.S.C. § 3016
-
General authority41 U.S.C. § 1121