§3.501-1. Definition.
48 C.F.R. § 3.501-1
Buying-in as used in this section, means submitting an offer below anticipated costs, expecting to—
Increase the contract amount after award (e.g., through unnecessary or excessively priced change orders); or
Receive follow-on contracts at artificially high prices to recover losses incurred on the buy-in contract.
Notes, amendments, and revision history
Amendments
[48 FR 42108, Sept. 19, 1983, as amended at 66 FR 2127, Jan. 10, 2001]
Authority
Authority: 41 U.S.C. 1121(b); 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
Source: 48 FR 42108, Sept. 19, 1983, unless otherwise noted.
Amendments
[48 FR 42108, Sept. 19, 1983, as amended at 66 FR 2127, Jan. 10, 2001]