Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 1 - Federal Acquisition Regulation |
SubChapter C - Contracting Methods and Contract Types |
Part 13 - Simplified Acquisition Procedures |
Subpart 13.1 - Procedures |
§ 13.103 - Use of standing price quotations.
Latest version.
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13.103 Use of standing price quotations.
Authorized individuals do not have to obtain individual quotations for each purchase. Standing price quotations may be used if -
(a) The pricing information is current; and
(b) The Government obtains the benefit of maximum discounts before award.