USC Subchapter II

41 U.S.C. § 131 Acquisition

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.

41 U.S.C. § 132 Competitive procedures

In division B, the term “competitive procedures” means procedures under which an agency enters into a contract pursuant to full and open competition.

41 U.S.C. § 133 Executive agency

In division B, the term “executive agency” means— (1) an executive department specified in section 101 of title 5; (2) a military department specified in section 102 of title 5; (3) an independent establishment as defined in section 104(1) of title 5; and (4) a wholly owned Government corporation fully subject to chapter 91 of title 31.

41 U.S.C. § 134 Simplified acquisition threshold

In division B, the term “simplified acquisition threshold” means $250,000.