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48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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78 sections with “Item risk”: the first 40

  • DFARS 252.204-7024 Notice on the Use of the Supplier Performance Risk System.
    …Supplier Performance Risk System (MAR 2023) (a) Definitions. As used in this provision— Item risk means the probability that a product, based on intended use, will introduce performance risk resulting in safety issues, mission degradation…
  • FAR 52.246-24 Limitation of Liability—High-Value Items.
    As prescribed in 46.805, insert the following clause: Limitation of Liability—High-Value Items (FEB 1997) (a) Except as provided in paragraphs (b) through (e) below, and notwithstanding any other provision of this contract, the Contractor…
  • DFARS 211.274-2 Policy for item unique identification.
    (a) It is DoD policy that DoD item unique identification, or a DoD recognized unique identification equivalent, is required for all delivered items, including items of contractor-acquired property delivered on contract line items (see PGI 2…
  • DFARS 215.404-71-2 Performance risk.
    …al value in those cases where there is a substantial technical risk. Indicators are— (A) Items are being manufactured using specifications with stringent tolerance limits; (B) The efforts require highly skilled personnel or require the us…
  • DFARS 252.209-7010 Critical Safety Items.
    As prescribed in 209.270-5, use the following clause: Critical Safety Items (AUG 2011) (a) Definitions. Aviation critical safety item means a part, an assembly, installation equipment, launch equipment, recovery equipment, or support equ…
  • DFARS 204.7603 Procedures.
    … as described at PGI 204.7603, the contracting officer shall also consider assessments of item risk, if available, as a part of the award decision. Offerors or quoters without a risk assessment in SPRS shall not be considered favorably or u…
  • FAR 2.101 Definitions.
    …nificantly alter the nongovernmental function or essential physical characteristics of an item or component, or change the purpose of a process. Factors to be considered in determining whether a modification is minor include the value and s…
  • FAR 7.105 Contents of written acquisition plans.
    …nd discuss related cost concepts to be employed, including, as appropriate, the following items: (i) Life-cycle cost. Discuss how life-cycle cost will be considered. If it is not used, explain why. If appropriate, discuss the cost model us…
  • FAR 8.404 Use of Federal Supply Schedules.
    … (C) Comply with the requirements at 8.402(f) when modifying an order to add open market items. (i) Ensure that service contractor reporting requirements are met in accordance with subpart 4.17, Service Contracts Inventory. (j) Line item…
  • FAR 8.405-6 Limiting sources.
    …ould result in disclosure of classified information) or create other security risks. (b) Items peculiar to one manufacturer. An item peculiar to one manufacturer can be a particular brand name, product, or a feature of a product, peculiar …
  • FAR 10.002 Procedures.
    …n conducted to determine if commercial products, commercial services, or nondevelopmental items are available to meet the Government's needs or could be modified to meet the Government's needs. (1) The extent of market research will vary, …
  • FAR 15.404-1 Proposal analysis techniques.
    …btain appropriate data, without certification, on the prices at which the same or similar items have previously been sold and determine if the data is adequate for evaluating the reasonableness of the price. Price analysis may include evalu…
  • FAR 15.404-4 Profit.
    …echnical effort needed to obtain the required purchased parts and material, subcontracted items, and special tooling. Considerations include the complexity of the items required, the number of purchase orders and subcontracts to be awarded …
  • FAR 15.407-2 Make-or-buy programs.
    …actors' purchasing systems are separate actions covered in part 44. (b) Definition. Make item, as used in this subsection, means an item or work effort to be produced or performed by the prime contractor or its affiliates, subsidiaries, or…
  • FAR 16.505 Ordering.
    …es (see 37.102(a) and subpart 37.6). (4) The following requirements apply when procuring items peculiar to one manufacturer: (i) The contracting officer must justify restricting consideration to an item peculiar to one manufacturer (e.g.,…
  • FAR 31.001 Definitions.
    …ension plan, and other relevant values for the pension plan. Allocate means to assign an item of cost, or a group of items of cost, to one or more cost objectives. This term includes both direct assignment of cost and the reassignment of a…
  • FAR 49.603-1 Fixed-price contracts—complete termination.
    …actor whose proposal was included in its proposal. (3) The Contractor certifies that all items of termination inventory, the costs of which were used in arriving at the amount of this settlement or the settlement of any subcontract settlem…
  • FAR 49.603-2 Fixed-price contracts—partial termination.
    …ion of the contract is as follows: [specify the terminated portion clearly as to (i) line item numbers, (ii) descriptions, (iii) quantity terminated, (iv) unit price of items, (v) total price of terminated items, and (vi) any other explanat…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …V 2023) (a) Inspection/Acceptance. The Contractor shall only tender for acceptance those items that conform to the requirements of this contract. The Government reserves the right to inspect or test any supplies or services that have been …
  • FAR 52.215-1 Instructions to Offerors—Competitive Acquisition.
    …nditions, and provisions included in the solicitation and agreement to furnish any or all items upon which prices are offered at the price set opposite each item; (iv) Names, titles, and telephone and facsimile numbers (and electronic addr…
  • FAR 52.222-50 Combating Trafficking in Persons.
    …value is given to or received by any person. Commercially available off-the-shelf (COTS) item—(1) Means any item of supply (including construction material) that is— (i) A commercial product (as defined in paragraph (1) of the definition …
  • FAR 52.232-32 Performance-Based Payments.
    …for which payment is being requested shall be included in a single request, appropriately itemized and totaled. The Contractor's request shall contain the information and certification detailed in paragraphs (l) and (m) of this clause. (c)…
  • FAR 52.245-1 Government Property.
    …pancies incident to shipment means any differences (e.g., count or condition) between the items documented to have been shipped and items actually received. Equipment means a tangible item that is functionally complete for its intended pur…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …s to quantity and quality, of termination inventory not previously disposed of, excluding items authorized for disposition by the Contracting Officer. The Contractor may request the Government to remove those items or enter into an agreemen…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …s to quantity and quality, of termination inventory not previously disposed of, excluding items authorized for disposition by the Contracting Officer. The Contractor may request the Government to remove those items or enter into an agreemen…
  • DFARS 208.405 Ordering procedures for Federal Supply Schedules.
    …he use of reverse auctions for personal protective equipment and aviation critical safety items. (4) See 204.7603 for procedures on the required use of the Supplier Performance Risk System (SPRS) risk assessments. (i) The contracting offi…
  • DFARS 209.270-2 Definitions.
    As used in this section— Aviation critical safety item means a part, an assembly, installation equipment, launch equipment, recovery equipment, or support equipment for an aircraft or aviation weapon system if the part, assembly, or equipm…
  • DFARS 215.404-1 Proposal analysis techniques.
    …ysis. (ii) For spare parts or support equipment, perform an analysis of— (A) Those line items where the proposed price exceeds by 25 percent or more the lowest price the Government has paid within the most recent 12-month period based on …
  • DFARS 215.404-71-3 Contract type risk and working capital adjustment.
    …hat there are substantial risks above those normally present in DoD contracts for similar items; or (v) An aggressive performance-based payment schedule that increases risk. (4) Below normal conditions. The contracting officer may assign …
  • DFARS 216.505 Ordering.
    …t identified by a material identifier that is available as described at PGI 204.7603, and item risk was not previously considered during award of the contract, the contracting officer shall also consider SPRS assessments of item risk in the…
  • DFARS 217.172 Multiyear contracts for supplies.
    …f the agency may enter into a multiyear contract for— (1) A weapon system and associated items, services, and logistics support for a weapon system (10 U.S.C. 3501(h)(1)); and (2) Advance procurement of components, parts, and materials ne…
  • DFARS 252.228-7001 Ground and Flight Risk.
    … in this clause— Aircraft means, unless otherwise provided in the contract Schedule, any item, other than a rocket or missile, intended for flight (e.g., fixed-winged aircraft, blended wing/lifting bodies, helicopters, vertical take-off or…
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …actor whose proposal was included in its proposal. (3) The Contractor certifies that all items of termination inventory, the costs of which were used in arriving at the amount of this settlement or the settlement of any subcontract settlem…
  • DFARS 204.7601 Definitions.
    As used in this subpart— Item risk means the probability that a product, based on intended use, will introduce performance risk resulting in safety issues, mission degradation, or monetary loss. Price risk means the measure of whether a p…
  • DFARS 234.004 Acquisition strategy.
    …13 (Pub. L. 112-239), the contracting officer shall— (A) Not use cost-reimbursement line items for the acquisition of production of major defense acquisition programs, unless the Under Secretary of Defense for Acquisition and Sustainment (…
  • FAR 52.209-3 First Article Approval—Contractor Testing.
    …ontracting Officer shall insert details] (a) The Contractor shall test __ unit(s) of Lot/Item __ as specified in this contract. At least __ calendar days before the beginning of first article tests, the Contractor shall notify the Contract…
  • FAR 52.209-4 First Article Approval—Government Testing.
    …acting Officer shall insert details] (a) The Contractor shall deliver __ units(s) of Lot/Item __ within __ calendar days from the date of this contract to the Government at ___ [insert name and address of the testing facility] for first ar…
  • FAR 52.213-1 Fast Payment Procedure.
    …tation, the Contractor shall enter the prepaid shipping cost on the invoice as a separate item. The Contractor shall not include the cost of parcel post insurance. If transportation charges are stated separately on the invoice, the Contract…
  • FAR 52.232-16 Progress Payments.
    …ss than $2,500. The Contracting Officer may make exceptions. (9) The costs applicable to items delivered, invoiced, and accepted shall not include costs in excess of the contract price of the items. (b) Liquidation. Except as provided in …
  • DFARS 212.301 Solicitation provisions and contract clauses for the acquisition of commercial products and commercial services.
    …b. L. 118-31). (v) Part 211—Describing Agency Needs. (A) Use the clause at 252.211-7003, Item Unique Identification and Valuation, as prescribed in 211.274-5(a). (B) Use the clause at 252.211-7008, Use of Government-Assigned Serial Number…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.