Code · CFR · Title 2 — Federal Financial Assistance · Part 1108 — Definitions of Terms Used in Subchapters a Through F of This Chapter · § 1108.300

§ 1108.300. Procurement contract.

75 words·~1 min read·/us/cfr/t2/s§ 1108.300·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Procurement contract means a legal instrument which, consistent with 31 U.S.C. 6303, reflects a relationship between the Federal Government and a State, a local government, or other recipient when the principal purpose of the instrument is to acquire property or services for the direct benefit or use of the Federal Government. A procurement contract is a prime-tier transaction and therefore distinct from a recipient's or subrecipient's "procurement transaction" or "contract" as defined in this subpart.

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U.S. Code

Using procurement contracts
§ 6303

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§ 1108.300

Procurement contract.

U.S.C.§ 6303

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