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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter C - Contracting Methods and Contract Types |
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Part 15 - Contracting by Negotiation |
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Subpart 15.4 - Contract Pricing |
§ 15.401 - Definitions.
Latest version.
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15.401 Definitions.
As used in this subpart -
Price means cost plus any fee or profit applicable to the contract type.
Subcontract (except as used in 15.407-2) also includes a transfer of commercial products or commercial services between divisions, subsidiaries, or affiliates of a contractor or a subcontractor (10 U.S.C. 2306a3701(h)(2) and 41 U.S.C. 3501(a)(2).
[62 FR 51230, Sept. 30, 1997, as amended at 66 FR 2129, Jan. 10, 2001; 66 FR 65369, Dec. 18, 2001; 79 FR 24201, Apr. 29, 2014; 86 FR 61026, Nov. 4, 2021; 87 FR 73897, Dec. 1, 2022]