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48 CFR · Federal Acquisition Regulation and Defense supplement

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The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

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23 sections with “purchase method of accounting”

  • FAR 13.303-3 Preparation of BPAs.
    …obligation. A statement that the Government is obligated only to the extent of authorized purchases actually made under the BPA. (3) Purchase limitation. A statement that specifies the dollar limitation for each individual purchase under t…
  • FAR 13.303-5 Purchases under BPAs.
    (a) Use a BPA only for purchases that are otherwise authorized by law or regulation. (b) Individual purchases shall not exceed the simplified acquisition threshold. However, agency regulations may establish a higher threshold consistent wi…
  • FAR 7.105 Contents of written acquisition plans.
    …dding or negotiation will be used and why; whether equipment will be acquired by lease or purchase (see subpart 7.4) and why; and any other contracting considerations. Provide rationale if a performance-based acquisition will not be used or…
  • FAR 2.101 Definitions.
    …or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated. Acquisition b…
  • FAR 16.505 Ordering.
    …ders shall follow the procedures in 5.705. (12) When using the Governmentwide commercial purchase card as a method of payment, orders at or below the micro-purchase threshold are exempt from verification in the System for Award Management …
  • FAR 31.205-6 Compensation for personal services.
    … reported as taxable income to the employees (see 31.205-46(d)). (n) Employee rebate and purchase discount plans. Rebates and purchase discounts, in whatever form, granted to employees on products or services produced by the contractor or …
  • FAR 52.245-1 Government Property.
    …ts or Cost-Reimbursable line items under Fixed-Price contracts. (i) Title to all property purchased by the Contractor for which the Contractor is entitled to be reimbursed as a direct item of cost under this contract shall pass to and vest …
  • DFARS 252.242-7004 Material Management and Accounting System.
    …n MMAS that— (i) Reasonably forecasts material requirements; (ii) Ensures that costs of purchased and fabricated material charged or allocated to a contract are based on valid time-phased requirements; and (iii) Maintains a consistent, e…
  • FAR 15.408 Solicitation provisions and contract clauses.
    …hing the source and reasonableness of price for those acquisitions (such as subcontracts, purchase orders, material order, etc.) exceeding, or expected to exceed, the appropriate threshold set forth at FAR 15.403-4 priced on the basis of ad…
  • FAR 31.205-52 Asset valuations resulting from business combinations.
    (a) For tangible capital assets, when the purchase method of accounting for a business combination is used, whether or not the contract or subcontract is subject to CAS, the allowable depreciation and cost of money shall be based on the cap…
  • DFARS 215.404-1 Proposal analysis techniques.
    …ce, the contracting officer shall consider information submitted by the offeror of recent purchase prices paid by the Government and commercial customers for the same or similar commercial products or commercial services under comparable te…
  • DFARS 252.246-7007 Contractor Counterfeit Electronic Part Detection and Avoidance System.
    …uipment manufacturer means a company that manufactures products that it has designed from purchased components and sells those products under the company's brand name. Original manufacturer means the original component manufacturer, the or…
  • FAR 12.102 Applicability.
    …the acquisition of commercial products or commercial services— (1) At or below the micro-purchase threshold; (2) Using the Standard Form 44 (see 13.306); (3) Using the imprest fund (see 13.305); (4) Using the Governmentwide commercial p…
  • FAR 31.205-49 Goodwill.
    Goodwill, an unidentifiable intangible asset, originates under the purchase method of accounting for a business combination when the price paid by the acquiring company exceeds the sum of the identifiable individual assets acquired less lia…
  • FAR 52.232-16 Progress Payments.
    …yment purposes. (2) The amount of financing and other payments for supplies and services purchased directly for the contract are limited to the amounts that have been paid by cash, check, or other forms of payment, or that are determined d…
  • FAR 14.201-2 Part I—The Schedule.
    …(iv) Time specified for receipt of bids. (v) Number of pages. (vi) Requisition or other purchase authority. (vii) Requirement for bidder to provide its name and complete address, including street, city, county, State, and ZIP code. (vii…
  • FAR 15.204-2 Part I—The Schedule.
    …f issuance. (iv) Closing date and time. (v) Number of pages. (vi) Requisition or other purchase authority. (vii) Brief description of item or service. (viii) Requirement for the offeror to provide its name and complete address, includi…
  • FAR 15.404-1 Proposal analysis techniques.
    …nical assistance in evaluating pricing related to items that are “similar to” items being purchased, or commercial products or commercial services that are “of a type”, or requiring minor modifications for commercial products, to ascertain …
  • FAR 31.001 Definitions.
    …cumulates assets to be used either for the payment of postretirement benefits, or for the purchase of such benefits, provided such accumulated assets form a part of a postretirement benefit plan.
  • FAR 31.205-11 Depreciation.
    … 31.205-36 for Operating Leases.) FASB ASC 840 requires that capital leases be treated as purchased assets, i.e., be capitalized, and the capitalized value of such assets be distributed over their useful lives as depreciation charges or ove…
  • FAR 31.205-42 Termination costs.
    …ermining if items can reasonably be used on other work of the contractor. Contemporaneous purchases of common items by the contractor shall be regarded as evidence that such items are reasonably usable on the contractor's other work. Any ac…
  • FAR 42.1203 Processing agreements.
    …tractor received its contract under subpart 8.7 under 41 U.S.C. chapter 85, Committee for Purchase from People Who Are Blind or Severely Disabled, use the procedures at 8.716 instead. (b) The responsible contracting officer shall— (1) Ide…
  • DFARS 246.870-2 Policy.
    …ements of paragraphs (a)(1) or (2) of this section, as applicable, if— (i) Authorized to purchase electronic parts from the Federal Supply Schedule; (ii) Purchasing electronic parts from suppliers accredited by the Defense Microelectronic…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.