GroundRules
48 CFR 215.401: 215.401 Definitions.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE
- SUBCHAPTER C—CONTRACTING METHODS AND CONTRACT TYPES
- PART 215—CONTRACTING BY NEGOTIATION
- Subpart 215.4—Contract Pricing
As used in this subpart—
Market prices means current prices that are established in the course of ordinary trade between buyers and sellers free to bargain and that can be substantiated through competition or from sources independent of the offerors.
Relevant sales data means information provided by an offeror of sales of the same or similar items that can be used to establish price reasonableness taking into consideration the age, volume, and nature of the transactions (including any related discounts, refunds, rebates, offsets, or other adjustments).
Collected 2026-08-27T02:26:29Z. Source file · JSON