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FAR and DFARS › FAR Part 19: Small Business Programs › Subpart 19.2

FAR 19.202-6 Determination of fair market price.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section explains how contracting officers determine the fair market price for certain small business set-aside and preference contracts. It says the fair market price is the price achieved using the reasonable price guidelines in 15.404-1(b). For 8(a) contracts, contracting officers must follow the procedures at 19.807.

Applies to: Contracting officers determining fair market price for small business set-asides, reserves, and 8(a) contracts.

What it requires

  • For 8(a) contracts, follow the procedures at 19.807 to meet the requirement at 19.806(b) and to accurately estimate the current fair market price.

Key terms: fair market price · small business set-asides · reserves · HUBZone set-asides · 8(a) contracts

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

(a) The fair market price shall be the price achieved in accordance with the reasonable price guidelines in 15.404-1(b) for—

(1) Total and partial small business set-asides, and reserves (see subpart 19.5);

(2) HUBZone set-asides (see subpart 19.13);

(3) Contracts utilizing the price evaluation preference for HUBZone small business concerns (see subpart 19.13);

(4) Set-asides for SDVOSB concerns eligible under the SDVOSB Program (see subpart 19.14); and

(5) Set-asides for EDWOSB concerns and WOSB concerns eligible under the WOSB Program (see subpart 19.15).

(b) For 8(a) contracts, both with respect to meeting the requirement at 19.806(b) and in order to accurately estimate the current fair market price, contracting officers shall follow the procedures at 19.807.

Sections it refers to

  • 15.404-1 Proposal analysis techniques.
  • 19.806 Pricing the 8(a) contract.
  • 19.807 Estimating the fair market price.

Sections that refer to it

← 19.202-5 Data collection and reporting requirements. · 19.203 Relationship among small business programs. →

Rule changes for FAR Part 19

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 19.202-6 Determination of fair market price · SpendQuery