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Code · U.S. Code · Title 41 - PUBLIC CONTRACTS · CHAPTER 1— DEFINITIONS · SUBCHAPTER II— DIVISION B DEFINITIONS · § 131

§ 131. Acquisition

150 words·~1 min read·/usc/title-41/section-131

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

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.)
Connections6 cite this
2 references not yet in our index
  • Pub. L. 111–350, § 3
  • 124 Stat. 3682
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§ 131
Acquisition
U.S.C.×5
Fed. Reg.×1
Pub. L.Pub. L. 111–350, § 3
Stat.124 Stat. 3682
Cites 2Cited by 6 across 2 sources
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