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FAC Number: 2022-06
Effective Date: 05/26/2022

15.401 Definitions.

As used in this subpart-

Price means cost plus any fee or profit applicable to the contract type.

Subcontract (except as used in 15.407-2) also includes a transfer of commercial products or commercial services between divisions, subsidiaries, or affiliates of a contractor or a subcontractor ( 10 U.S.C.2306a(h)(2) and 41 U.S.C.3501(a)(3)).

Far Parts