48 C.F.R. §§ 3.501-1

Current through October 31, 2024

Section 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 C.F.R. §§3.501-1

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