2020 US Code
Title 10 - Armed Forces
Subtitle A - General Military Law
Part V - Acquisition
Subpart D - General Contracting Requirements
Chapter 271 - Truthful Cost or Pricing Data (Truth in Negotiations)
Sec. 3701 - Definitions
| 10 U.S.C. § 3701 (2020) |
| §3701. Definitions |
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(a) 1Definitions.—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. |
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(Added and amended Pub. L. 116–283, div. A, title XVIII, §1831(a), (b), Jan. 1, 2021, 134 Stat. 4209.) |
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AMENDMENTS
2021—Pub. L. 116–283, §1831(b), redesignated subsec. (h) of section 2306a of this title as subsec. (a) of this section and substituted "this chapter" for "this section" in introductory provisions and "section 3706(a)(2) of this title" for "subsection (e)(1)(B)" in par. (1). EFFECTIVE DATESection 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. |
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1 So in original. There is no subsec. (b). |
| United States Code, 2018 Edition, Supplement 2, Title 10 - ARMED FORCES |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 10 - ARMED FORCES Subtitle A - General Military Law PART V - ACQUISITION Subpart D - General Contracting Requirements CHAPTER 271 - TRUTHFUL COST OR PRICING DATA (TRUTH IN NEGOTIATIONS) Sec. 3701 - Definitions |
| section 3701 |
| 2020 |
| January 13, 2021 |
| Yes |
| standard |
| 134 Stat. 4209 |
| Public Law 116-283 |
