{"data":{"id":"us/48-cfr-19.001","jurisdiction":"us","citation":"48 CFR 19.001","heading":"19.001 Definitions.","body":"As used in this part—\nConcern means any business entity organized for profit (even if its ownership is in the hands of a nonprofit entity) with a place of business located in the United States or its outlying areas and that makes a significant contribution to the U.S. economy through payment of taxes and/or use of American products, material and/or labor, etc. “Concern” includes but is not limited to an individual, partnership, corporation, joint venture, association, or cooperative. For more information, see 13 CFR 121.105.\nFair market price means a price based on reasonable costs under normal competitive conditions and not on lowest possible cost (see 19.202-6).\nIndustry means all concerns primarily engaged in similar lines of activity, as listed and described in the North American Industry Classification system (NAICS) manual.\nSimilarly situated entity means a first-tier subcontractor, including an independent contractor, that—\n(1) Has the same small business program status as that which qualified the prime contractor for the award (e.g., for a small business set-aside contract, any small business concern, without regard to socioeconomic status); and (2) Is considered small for the size standard under the NAICS code the prime contractor assigned to the subcontract.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER D—SOCIOECONOMIC PROGRAMS","PART 19—SMALL BUSINESS PROGRAMS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"e5c8ad2e59e37dcde6c5c4e8b5e40664107ee4a25a52bb50833d93344d84e53e","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-19.000","next":"us/48-cfr-19.101"},"notice":"GroundRules: Original legal text. Not legal advice."}