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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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57 sections with “Market prices”: the first 40

  • FAR 2.101 Definitions.
    …y materials, forest products that meet biobased content requirements, notwithstanding the market share the product holds, the age of the product, or whether the market for the product is new or emerging. (7 U.S.C. 8101) (7 CFR 3201.2). Bro…
  • FAR 8.707 Prices.
    (a) The prices of items on the Procurement List are fair market prices established by the Committee. All prices for supplies ordered under this subpart are f.o.b. origin. (b) Prices for supplies are normally adjusted semiannually. Prices f…
  • FAR 10.002 Procedures.
    …th a description of the Government's needs stated in terms sufficient to allow conduct of market research. (b) Market research is then conducted to determine if commercial products, commercial services, or nondevelopmental items are availa…
  • FAR 52.215-20 Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data.
    …rices at which the same item or similar items have previously been sold in the commercial market that is adequate for evaluating the reasonableness of the price for this acquisition. Such information may include— (A) For catalog items, a c…
  • FAR 52.215-21 Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data—Modifications.
    …s to the price of recent sales in quantities similar to the proposed quantities. (2) For market-priced items, the source and date or period of the market quotation or other basis for market price, the base amount, and applicable discounts.…
  • DFARS 215.404-1 Proposal analysis techniques.
    …e absence of adequate price competition in response to the solicitation, pricing based on market prices is the preferred method to establish a fair and reasonable price (see PGI 215.404-1(b)(i)). (ii) If the contracting officer determines …
  • DFARS 252.215-7010 Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data.
    …ified Cost or Pricing Data—Basic (MAY 2024) (a) Definitions. As used in this provision— 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 sub…
  • FAR 15.404-1 Proposal analysis techniques.
    …must be adjusted to account for materially differing terms and conditions, quantities and market and economic factors. For similar items, the contracting officer must also adjust the prior price to account for material differences between t…
  • FAR 19.807 Estimating the fair market price.
    (a) The contracting officer shall estimate the fair market price of the work to be performed by the 8(a) contractor. (b) In estimating the fair market price for an acquisition other than those covered in paragraph (c) of this section, the …
  • FAR 22.1003-4 Administrative limitations, variations, tolerances, and exemptions.
    …e services will be furnished at prices which are, or are based on, established catalog or market prices for the maintenance, calibration, or repair of such equipment. As defined at 29 CFR 4.123(e)(1)(ii)(B)— (A) An established catalog pric…
  • FAR 19.502-2 Total small business set-asides.
    …rom two or more responsible small business concerns that are competitive in terms of fair market prices, quality, and delivery. If the contracting officer receives only one acceptable offer from a responsible small business concern in respo…
  • FAR 19.503 Reserves.
    …e contract awards for any of the small business concerns identified in 19.000(a)(3), when market research indicates— (1) A total set-aside is not feasible because there is no reasonable expectation of receiving offers that are competitive …
  • FAR 31.205-6 Compensation for personal services.
    …lowing additional restrictions apply: (i) Valuation placed on the securities is the fair market value on the first date the number of shares awarded is known, determined upon the most objective basis available. (ii) Accruals for the cost …
  • FAR 15.403-1 Prohibition on obtaining certified cost or pricing data (10 U.S.C. chapter 271 and 41 U.S.C. chapter 35).
    …sed on adequate price competition when- (A) There was a reasonable expectation, based on market research or other assessment, that two or more responsible offerors, competing independently, would submit priced offers in response to the sol…
  • FAR 17.207 Exercise of options.
    …ore advantageous offer, the contracting officer should not use this method of testing the market. (2) An informal analysis of prices or an examination of the market indicates that the option price is better than prices available in the mar…
  • FAR 19.502-3 Partial set-asides of contracts other than multiple-award contracts.
    …quisition, except for construction, for exclusive small business participation when— (1) Market research indicates that a total set-aside is not appropriate (see 19.502-2); (2) The requirement can be divided into distinct portions; (3) T…
  • FAR 19.502-4 Partial set-asides of multiple-award contracts.
    …onstruction, for any of the small business concerns identified at 19.000(a)(3) when— (1) Market research indicates that a total set-aside is not appropriate (see 19.502-2); (2) The requirement can be divided into distinct portions; (3) T…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …e services will be furnished at prices which are, or are based on, established catalog or market prices (see FAR 22.1003-4(c)(2)(ii)) for the maintenance, calibration, or repair of such equipment; and (iii) The compensation (wage and fring…
  • FAR 52.222-48 Exemption From Application of the Service Contract Labor Standards to Contracts for Maintenance, Calibration, or Repair of Certain Equipment—Certification.
    …e services will be furnished at prices which are, or are based on, established catalog or market prices for the maintenance, calibration, or repair of equipment. (i) An “established catalog price” is a price included in a catalog, price li…
  • FAR 52.222-51 Exemption From Application of the Service Contract Labor Standards to Contracts for Maintenance, Calibration, or Repair of Certain Equipment—Requirements.
    … services shall be furnished at prices which are, or are based on, established catalog or market prices for the maintenance, calibration, or repair of equipment. (1) An “established catalog price” is a price included in a catalog, price li…
  • FAR 52.222-52 Exemption From Application of the Service Contract Labor Standards to Contracts for Certain Services—Certification.
    …ntract services are furnished at prices that are, or are based on, established catalog or market prices. An “established catalog price” is a price included in a catalog, price list, schedule, or other form that is regularly maintained by th…
  • FAR 52.222-53 Exemption From Application of the Service Contract Labor Standards to Contracts for Certain Services—Requirements.
    …ntract services are furnished at prices that are, or are based on, established catalog or market prices. An “established catalog price” is a price included in a catalog, price list, schedule, or other form that is regularly maintained by th…
  • FAR 15.402 Pricing policy.
    …d cost or pricing data such as— (A) Data related to prices (e.g., established catalog or market prices, sales to non-governmental and governmental entities), relying first on data available within the Government; second, on data obtained f…
  • FAR 17.202 Use of options.
    …price or availability of necessary materials or labor is not reasonably foreseeable; (2) Market prices for the supplies or services involved are likely to change substantially; or (3) The option represents known firm requirements for whic…
  • FAR 52.245-9 Use and Charges.
    … obtain additional appraisals within the effective period of the current appraisal if the market prices decrease substantially. (2) Other Government property. The Contractor may elect to compute the rental charge using the appraisal method…
  • DFARS 205.301 General.
    …ot be acquired as and when needed in satisfactory quality and sufficient quantity at U.S. market prices.” (B) “The exception at DFARS 225.7002-2(n) applies to this acquisition, because the contracting officer has determined that this acqui…
  • DFARS 208.7401 Definitions.
    …es normally provided by a software company as standard services at established catalog or market prices, e.g., the right to receive and use upgraded versions of software, updates, and revisions.
  • DFARS 212.209 Determination of price reasonableness.
    (a) In accordance with 10 U.S.C. 3453(d), agencies shall conduct or obtain market research to support the determination of the reasonableness of price for commercial products and commercial services contained in any bid or offer submitted i…
  • DFARS 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 th…
  • DFARS 225.7002-2 Exceptions.
    … be acquired as and when needed in a satisfactory quality and sufficient quantity at U.S. market prices. (See the requirement in 205.301 for synopsis within 7 days after contract award when using this exception.) (1) The following official…
  • DFARS 234.7002 Policy.
    …cation and documentation to support that the modification is customarily available in the marketplace; or (ii) For products under paragraph (3)(ii) of the “commercial product” definition at FAR 2.101, a detailed description of the modifica…
  • DFARS 252.225-7012 Preference for Certain Domestic Commodities.
    …atisfactory quality and sufficient quantity cannot be acquired as and when needed at U.S. market prices; (2) To incidental amounts of cotton, other natural fibers, or wool incorporated in an end product, for which the estimated value of th…
  • FAR 7.107-3 Bundling.
    …rders. (b) The agency shall quantify the specific benefits identified through the use of market research and other techniques to explain how their impact would be measurably substantial (see 10.001(a)(2)(iv) and (a)(3)(vii)). (c) Such ben…
  • FAR 8.404 Use of Federal Supply Schedules.
    …ice order is not suitable. At a minimum, the D&F shall— (A) Include a description of the market research conducted (see 8.404(c) and 10.002(e)); (B) Establish that it is not possible at the time of placing the order to accurately estimate…
  • FAR 8.405-3 Blanket purchase agreements (BPAs).
    …(2) Shall provide the RFQ to as many schedule contractors as practicable, consistent with market research appropriate to the circumstances, to reasonably ensure that quotes will be received from at least three contractors that can fulfill t…
  • FAR 15.201 Exchanges with industry before receipt of proposals.
    … information are— (1) Industry or small business conferences; (2) Public hearings; (3) Market research, as described in part 10; (4) One-on-one meetings with potential offerors (any that are substantially involved with potential contrac…
  • FAR 15.403-3 Requiring data other than certified cost or pricing data.
    …s that are not offered and sold competitively in substantial quantities in the commercial marketplace, but are of a type offered and sold competitively in substantial quantities in the commercial marketplace, see 15.403-1(c)(3)(ii).
  • FAR 16.203-4 Contract clauses.
    …lated. (ii) The requirement is for standard supplies that have an established catalog or market price. (iii) The contracting officer has made the determination specified in 16.203-3. (2) If all the conditions in subparagraph (a)(1) above…
  • FAR 16.504 Indefinite-quantity contracts.
    … maximum. The contracting officer should establish a reasonable maximum quantity based on market research, trends on recent contracts for similar supplies or services, survey of potential users, or any other rational basis. (2) To ensure t…
  • FAR 19.705-7 Compliance with the subcontracting plan.
    …sible units, as appropriate, to facilitate small business participation. (ii) Conducting market research to identify potential small business subcontractors through all reasonable means, such as searching SAM, posting notices or solicitati…

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.