§ 3.501-1 - Definition.

Latest version.

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

                    
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§ 3.501-1 - Definition.

3.501-1 Definition.