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FAR and DFARS › DFARS Part 215: Contracting by Negotiation › Subpart 215.4

DFARS 215.401 Definitions.

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 DFARS section defines two terms used in the subpart on contracting by negotiation: market prices and relevant sales data. It matters to contractors because these definitions shape how price reasonableness may be evaluated, including what sales information an offeror provides.

Applies to: Offerors and contracting activities under DFARS subpart 215.4

Key terms: Market prices · Relevant sales data · Price reasonableness · Offeror

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

The text

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).

← § 215.371-6 215.371-6 Solicitation provision. · 215.402 Pricing policy. →

Rule changes for DFARS Part 215

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

DFARS 215.401 Definitions · SpendQuery