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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12 sections with “price negotiation memorandum”

  • FAR 15.406-3 Documenting the negotiation.
    …ontract file the principal elements of the negotiated agreement. The documentation (e.g., price negotiation memorandum (PNM)) shall include the following: (1) The purpose of the negotiation. (2) A description of the acquisition, including…
  • FAR 15.404-4 Profit.
    … for establishing the profit or fee portion of the Government prenegotiation objective in price negotiations based on cost analysis. (1) Profit or fee prenegotiation objectives do not necessarily represent net income to contractors. Rather…
  • FAR 15.407-1 Defective certified cost or pricing data.
    (a) If, before agreement on price, the contracting officer learns that any certified cost or pricing data submitted are inaccurate, incomplete, or noncurrent, the contracting officer shall immediately bring the matter to the attention of th…
  • DFARS 215.404-71-3 Contract type risk and working capital adjustment.
    …adjustment added to the profit objective for contract type risk. It only applies to fixed-price contracts that provide for progress payments. Though it uses a formula approach, it is not intended to be an exact calculation of the cost of wo…
  • DFARS 243.204-70-6 Allowable profit.
    When the final price of an unpriced change order is negotiated after a substantial portion of the required performance has been completed, the head of the contracting activity shall ensure the profit allowed reflects— (a) Any reduced cost …
  • DFARS 217.7404-6 Allowable profit.
    When the final price of a UCA is negotiated after a substantial portion of the required performance has been completed, the head of the contracting activity shall ensure the profit allowed reflects— (a) Any reduced cost risk to the contrac…
  • FAR 30.606 Resolving cost impacts.
    … and noncompliances, the CFAO shall— (i) To the maximum extent practical, not adjust the price upward for fixed-price contracts; (ii) If contract adjustments are made, preclude payment of aggregate increased costs by taking one or both of…
  • FAR 52.244-2 Subcontracts.
    …hanges and modifications to purchase orders. (b) When this clause is included in a fixed-price type contract, consent to subcontract is required only on unpriced contract actions (including unpriced modifications or unpriced delivery order…
  • FAR 31.205-18 Independent research and development and bid and proposal costs.
    …c product at its own risk in anticipation of recovering the development costs in the sale price of the product provided that— (i) The total amount of IR&D costs applicable to the product can be identified; (ii) The proration of such costs…
  • FAR 19.602-1 Referral.
    …ity is at issue for the procurement. (iii) Abstract of bids or the contracting officer's price negotiation memorandum. (iv) Preaward survey. (v) Technical data package (including drawings, specifications and statement of work). (vi) Any…
  • FAR 42.1701 Procedures.
    … objective and in the negotiations. Upon completing negotiations, the ACO shall prepare a price negotiation memorandum (PNM) (see 15.406-3) and forward copies of the PNM and FPRA to the cognizant auditor and to all contracting offices that …
  • FAR 30.607 Subcontract administration.
    When a negotiated CAS price adjustment or a determination of noncompliance is required at the subcontract level, the CFAO for the subcontractor shall furnish a copy of the negotiation memorandum or the determination to the CFAO for the cont…

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.