[Code of Federal Regulations]

[Title 41, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR101-27.303-1]



[Page 122]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-27_INVENTORY MANAGEMENT--Table of Contents

 

             Subpart 101-27.3_Maximizing Use of Inventories

 

Sec. 101-27.303-1  Cancellation or transfer.



    When the long supply of an item, including quantities due in from 

procurement, is greater than 10 percent of the total stock of that item, 

the inventory manager, or other appropriate official, shall cancel or 

curtail any outstanding requisitions or procurements on which award has 

not been made for such items, and may also cancel contracts for such 

items (if penalty charges would not be incurred) or transfer the long 

supply, if economical, to other offices within the agency in accordance 

with agency utilization procedures. In such cases, acquisition of long 

supply items shall not be made from other sources such as requirements 

contracts.