[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 48CFR3.501-1]



[Page 53]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 3_IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST--Table of Contents

 

              Subpart 3.5_Other Improper Business Practices

 

Sec. 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]