Nonprocurement Transaction definition
Nonprocurement Transaction. A transaction under federal non-procurement programs, which can be either a primary covered transaction or a lower-tier covered transaction. (2 CFR 180.970) • Lower-Tier Covered Transaction: (1) Any transaction between a participant and a person other than a procurement contract for goods or services, regardless of type, under a primary covered transaction;
Nonprocurement Transaction means any transaction, regardless of type (except procurement contracts), including, but not limited to the following: