41 CFR 101-27.303-1
§ 101-27.303-1 Cancellation or transfer.
United States · 41 CFR — Public Contracts and Property Management · Status: effective
Cite this
- Citation
- 41 CFR 101-27.303-1, § 101-27.303-1 Cancellation or transfer, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/197536
- Permanent ID
ys:prov:197536@1- SHA-256
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Full text
When the long supply of an item, including quantities due in from procurement, is greater than 10 percent of the total stock of that item, the inventory manager, or other appropriate official, shall cancel or curtail any outstanding requisitions or procurements on which award has not been made for such items, and may also cancel contracts for such items (if penalty charges would not be incurred) or transfer the long supply, if economical, to other offices within the agency in accordance with agency utilization procedures. In such cases, acquisition of long supply items shall not be made from other sources such as requirements contracts.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.