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41 U.S.C. · Public Contracts
41 U.S.C. § 131

Acquisition

Ch. 1 — Definitions
Title 41 U.S.C. ● ACTIVE Primary Source Ch. 1
Statutory Text

41 U.S.C. § 131 — Acquisition

U.S.C. Title 41 - PUBLIC CONTRACTS 41 U.S.C. United States Code, 2023 Edition Title 41 - PUBLIC CONTRACTS Subtitle I - Federal Procurement Policy Division A - General CHAPTER 1 - DEFINITIONS SUBCHAPTER II - DIVISION B DEFINITIONS Sec. 131 - Acquisition From the U.S. Government Publishing Office, www.gpo.gov

§131. Acquisition

In division B, the term "acquisition"— (1) means the process of acquiring, with appropriated amounts, by contract for purchase or lease, property or services (including construction) that support the missions and goals of an executive agency, from the point at which the requirements of the executive agency are established in consultation with the chief acquisition officer of the executive agency; and (2) includes— (A) the process of acquiring property or services that are already in existence, or that must be created, developed, demonstrated, and evaluated; (B) the description of requirements to satisfy agency needs; (C) solicitation and selection of sources; (D) award of contracts; (E) contract performance; (F) contract financing; (G) management and measurement of contract performance through final delivery and payment; and (H) technical and management functions directly related to the process of fulfilling agency requirements by contract.

(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3682.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

131 41:403(16). Pub. L. 93–400, §4(16), as added Pub. L. 108–136, title XIV, §1411, Nov. 24, 2003, 117 Stat. 1663.

Source: uscode.house.gov — public domain Official Source ↗
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41 U.S.C. § 131
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Ch. 1 — Definitions
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