PRIA, Government Policy, Made Personal

Summary

Says "acquisition" means the whole process of buying or leasing property or services for an executive agency using appropriated money, starting when the agency sets its needs with its chief acquisition officer. It includes buying existing items or creating new ones, writing the requirements, finding and picking suppliers, awarding and financing contracts, carrying out and managing contracts through delivery and payment, and the technical and management work tied to those steps.

Title 41, §131

Public Contracts, Source: USLM XML via OLRC

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.

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 13141:403(16).Pub. L. 93–400, § 4(16), as added Pub. L. 108–136, title XIV, § 1411, Nov. 24, 2003, 117 Stat. 1663.

§131 Acquisition

Summary

Title 41, §131

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata