FAR 3.501-1 Definition
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 3.501-1
- Type
- Subsection
- Last amended
- 66 FR 2117 Effective Mar 12, 2001
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
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.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definitions |
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 3 and 49 | Closed Jul 23, 2026No final rule found |
Terms defined
- Buying-in
Quick answers
What is FAR 3.501-1?
FAR 3.501-1 is a subsection of the Federal Acquisition Regulation, titled "Definition".
When was FAR 3.501-1 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definitions" (66 FR 2117), published Jan 10, 2001 and effective Mar 12, 2001.
Are changes to FAR 3.501-1 proposed?
One proposed change has no final rule yet.
On GovTribe
Follow the rules behind federal contracts
- Search Federal Register rules and proposed rules for the FAR, DFARS and agency supplements
- Solicitations, awards and government files in one search
- Ask GovTribe AI about the rules that apply to a contract