Federal glossary · Regulation
Cost or Pricing Data (FAR 15.401) is all facts as of the date of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations. When required (over $2M TINA threshold), data must be certified as accurate, complete, and current. Submission triggers defective pricing liability — if data is later found defective, the government can reduce the contract price.
Example: FAR Part 15, DFARS, or a statute such as the NDAA.
Reference record · Sources: Federal acquisition and regulatory source · Verified Jul 2, 2026 · Covers definition, governing source
Also known as
Cost or Pricing Data (FAR 15.401) is all facts as of the date of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations. When required (over $2M TINA threshold), data must be certified as accurate, complete, and current. Submission triggers defective pricing liability — if data is later found defective, the government can reduce the contract price.
is a regulation concept federal contractors and grant writers run into across solicitations, regulations, and award filings
Cost or Pricing Data is part of the federal regulatory framework that governs procurement, performance, or compliance. For example: Example: FAR Part 15, DFARS, or a statute such as the NDAA. For contractors, Cost or Pricing Data is not just background — it shapes solicitation language, evaluation criteria, source-selection authority, and what counts as compliant performance. Understanding when Cost or Pricing Data applies and (more importantly) when it doesn't apply is the difference between a proposal that's competitive within its actual constraint set and one that over-engineers compliance. Contracting officers use Cost or Pricing Data as common vocabulary, so reading their decisions, modifications, and source-selection memoranda gets easier when the regulation is in your working memory. Pair Cost or Pricing Data with the related terms above to see how it interacts with adjacent regulatory mechanisms.
Example: FAR Part 15, DFARS, or a statute such as the NDAA.
Meaning in practice
Cost or Pricing Data is part of the federal rule set that governs procurement, compliance, or program administration.
Where you’ll see it
You will see it in the FAR, DFARS, the Federal Register, clauses, and compliance checklists. Example: Example: FAR Part 15, DFARS, or a statute such as the NDAA..
Common confusion
People often confuse a regulation with agency guidance or with a checklist that merely references the rule.
What to do next
Find the exact citation and confirm whether the page links to a part, clause, or agency interpretation.
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