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Title 48 → Chapter 1 → Subchapter C → Part 15 → Subpart 15.4 → §15.401 |
Title 48: Federal Acquisition Regulations System
PART 15—CONTRACTING BY NEGOTIATION
Subpart 15.4—Contract Pricing
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 items between divisions, subsidiaries, or affiliates of a contractor or a subcontractor (10 U.S.C. 2306a(h)(2) and 41 U.S.C. 3501(a)(3)).
[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]