DFARS

DFARS

Change Number: DFARS Change 12/30/2022
Effective Date: 12/30/2022

215.401 Definitions.

215.401 Definitions.

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 on 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).

DFARS Parts

DFARS Appendix