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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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25 sections with “fair and reasonable rates”

  • FAR 52.222-41 Service Contract Labor Standards.
    …id less than the currently applicable minimum wage specified under section 6(a)(1) of the Fair Labor Standards Act of 1938, as amended. (v) The wage rate and fringe benefits finally determined under this subparagraph (c)(2) of this clause …
  • FAR 2.101 Definitions.
    …ost data, and judgmental information necessary for the contracting officer to determine a fair and reasonable price or to determine cost realism. Such data may include the identical types of data as certified cost or pricing data, consisten…
  • FAR 8.405-3 Blanket purchase agreements (BPAs).
    …uotes from at least three schedule contractors. (C) Shall ensure all quotes received are fairly considered and award is made in accordance with the basis for selection in the RFQ. After seeking price reductions (see 8.405-4), establish the…
  • 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).
    …an certified cost or pricing data as defined in FAR 2.101 to support a determination of a fair and reasonable price or cost realism)— (1) When the contracting officer determines that prices agreed upon are based on adequate price competiti…
  • FAR 15.404-1 Proposal analysis techniques.
    …eneral. The objective of proposal analysis is to ensure that the final agreed-to price is fair and reasonable. (1) The contracting officer is responsible for evaluating the reasonableness of the offered prices. The analytical techniques an…
  • FAR 31.205-6 Compensation for personal services.
    …e following 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 …
  • FAR 47.506 Procedures.
    …rposes of determining the availability of privately owned U.S.-flag commercial vessels at fair and reasonable rates, rates filed and published in accordance with the requirements of the Federal Maritime Commission may be accepted as fair an…
  • FAR 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services.
    …for Federal Hires (MAY 2014) (29 U.S.C. 206 and 41 U.S.C. chapter 67). __ (3) 52.222-43, Fair Labor Standards Act and Service Contract Labor Standards-Price Adjustment (Multiple Year and Option Contracts) (AUG 2018) (29 U.S.C. 206 and 41 U…
  • FAR 52.222-62 Paid Sick Leave Under Executive Order 13706.
    …ge Rate Requirements (Construction) statute (40 U.S.C. chapter 31, subchapter IV), or the Fair Labor Standards Act (29 U.S.C. chapter 8); (B) Including employees who qualify for an exemption from the Fair Labor Standards Act's minimum wage…
  • FAR 52.247-64 Preference for Privately Owned U.S.-Flag Commercial Vessels.
    …h in paragraph (a) above, to the extent that such vessels are available at rates that are fair and reasonable for privately owned U.S.-flag commercial vessels. (c)(1) The Contractor shall submit one legible copy of a rated on-board ocean b…
  • FAR 15.408 Solicitation provisions and contract clauses.
    …er fixed-price-incentive and fixed-price-redeterminable arrangements should be net of the fair market value of such inventory. In support of subcontract costs, submit a listing of all subcontracts subject to repricing action, annotated as t…
  • FAR 47.502 Policy.
    … for the Army, Navy, Air Force, or Marine Corps unless those vessels are not available at fair and reasonable rates. (2) The Merchant Marine Act of 1936 (46 U.S.C. 1101), which declares it is the policy of the United States to foster the d…
  • FAR 8.404 Use of Federal Supply Schedules.
    … services, and rates for services offered at hourly rates, under schedule contracts to be fair and reasonable. Therefore, ordering activities are not required to make a separate determination of fair and reasonable pricing, except for a pri…
  • FAR 19.201 General policy.
    …ls and assists small business concerns and assists contracting personnel to ensure that a fair proportion of contracts for supplies and services is placed with small business. (b) Heads of contracting activities are responsible for effecti…
  • FAR 52.232-12 Advance Payments.
    …ment, and any other supporting financial statements furnished to the administering office fairly reflect the financial condition of the Contractor at the date shown or the period covered, and there has been no subsequent materially adverse …
  • DFARS 237.104 Personal services contracts.
    …rement and the contracting officer must be able to make a determination that the price is fair and reasonable. (I) If a fair and reasonable price cannot be obtained from a qualified individual, the requirement should be canceled and acquir…
  • FAR 8.405-2 Ordering procedures for services requiring a statement of work.
    …tain quotes from at least three schedule contractors. (C) Ensure all quotes received are fairly considered and award is made in accordance with the evaluation criteria in the RFQ. (4) The ordering activity shall provide the RFQ (including…
  • FAR 12.207 Contract type.
    …the Government's expressed requirement from two or more responsible offerors; or (C) The fair opportunity procedures in 16.505 (including discretionary small business set-asides under 16.505(b)(2)(i)(F)), if placing an order under a multip…
  • FAR 31.205-35 Relocation costs.
    …e differential payments may not exceed the actual rental costs for the new home, less the fair market rent for the vacated home times 3 years. (9) Costs of canceling an unexpired lease. (10) Payments for increased employee income or Feder…
  • FAR 35.007 Solicitations.
    …regarded in arriving at a selection that best satisfies the Government's requirement at a fair and reasonable cost. (g) The contracting officer should ensure that potential offerors fully understand the details of the work, especially the …
  • FAR 47.503 Applicability.
    …vately owned U.S.-flag commercial vessels if such vessels are available at rates that are fair and reasonable for U.S.-flag commercial vessels. (c) The 50-percent requirement shall not prevent the use of privately owned U.S.-flag commercia…
  • FAR 52.222-46 Evaluation of Compensation for Professional Employees.
    …nt's best interest that professional employees, as defined in 29 CFR 541, be properly and fairly compensated. As a part of their proposals, offerors will submit a total compensation plan setting forth salaries and fringe benefits proposed f…
  • FAR 52.232-16 Progress Payments.
    …ent of the costs of performing this contract in the ordinary course of business. (5) The fair value of the undelivered work is less than the amount of unliquidated progress payments for that work. (6) The Contractor is realizing less prof…
  • DFARS 225.7003-3 Exceptions.
    … metal melted or produced in the United States cannot be acquired as and when needed at a fair and reasonable price in a satisfactory quality, a sufficient quantity, and the required form (i.e., a domestic nonavailability determination). In…
  • DFARS 241.201 Policy.
    …ta (see FAR subpart 15.4); and (iii) Are a valid basis on which prices can be determined fair and reasonable. (4) Compliance with the regulations, practices, and decisions of independent regulatory bodies as a matter of comity is not a su…

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.