[USC05] 10 USC 3701: Definitions
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TEXT OF PART V OF SUBTITLE A (3001 ET SEQ.), EFFECTIVE JANUARY 1, 2022, CURRENTLY SET OUT AS A PREVIEW

10 USC 3701: Definitions Text contains those laws in effect on December 31, 2020 Pending Updates: Pub L. 116-283 (1/01/2021), Pub L. 116-283 (1/01/2021), Pub L. 116-283 (1/01/2021), Pub L. 116-283 (1/01/2021) [View Details]
From Title 10-ARMED FORCESSubtitle A-General Military LawPART V-ACQUISITIONSubpart D-General Contracting RequirementsCHAPTER 271-TRUTHFUL COST OR PRICING DATA (TRUTH IN NEGOTIATIONS)

§3701. Definitions

(a) 1 Definitions.-In this chapter:

(1) Cost or pricing data.-The term "cost or pricing data" means all facts that, as of the date of agreement on the price of a contract (or the price of a contract modification), or, if applicable consistent with section 3706(a)(2) of this title, another date agreed upon between the parties, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. Such term does not include information that is judgmental, but does include the factual information from which a judgment was derived.

(2) Subcontract.-The term "subcontract" includes a transfer of commercial products or commercial services between divisions, subsidiaries, or affiliates of a contractor or a subcontractor.

(Added and amended Pub. L. 116–283, div. A, title XVIII, §1831(a), (b), Jan. 1, 2021, 134 Stat. 4209 .)

Effective Date

Section and amendment by Pub. L. 116–283 effective Jan. 1, 2022, with additional provisions for delayed implementation and applicability of existing law, see section 1801(d) of Pub. L. 116–283, set out as an Effective Date of 2021 Amendment note preceding section 3001 of this title.

1 So in original. There is no subsec. (b).