Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 2 - Grants and Agreements |
Subtitle B - Federal Agency Regulations for Grants and Agreements |
Chapter XI - Department of Defense |
SubChapter A - General Matters and Definitions |
Part 1108 - Definitions of Terms Used in Subchapters a Through F of This Chapter |
Subpart B - Definitions |
§ 1108.300 - Procurement contract.
Latest version.
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§ 1108.300 Procurement contract.
Procurement contract means a legal instrument which, consistent with 31 U.S.C. 6303, reflects a relationship between the Federal Government and a State, a local government, or other recipient when the principal purpose of the instrument is to acquire property or services for the direct benefit or use of the Federal Government. A procurement contract is a prime-tier transaction and therefore distinct from a recipient's or subrecipient's “procurement transaction” or “contract” as defined in this subpart.