48 C.F.R. § 3.501.1 — Definition.
Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Definition. 3.501-1 Section 3.501-1 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST Other Improper Business Practices 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]