48 CFR 13.103 - 13.103 Use of standing price quotations.

Regulations last checked for updates: May 03, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 01, 2024

13.103 - 13.103 Use of standing price quotations.

Authorized individuals do not have to obtain individual quotations for each purchase. Standing price quotations may be used if—

(a) The pricing information is current; and

(b) The Government obtains the benefit of maximum discounts before award.

authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

source: 62 FR 64917, Dec. 9, 1997, unless otherwise noted.

cite as: 48 CFR 13.103