[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR12.209]

[Page 187]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 12_ACQUISITION OF COMMERCIAL ITEMS--Table of Contents
 
  Subpart 12.2_Special Requirements for the Acquisition of Commercial 
                                  Items
 
Sec.  12.209  Determination of price reasonableness.

    While the contracting officer must establish price reasonableness in 
accordance with 13.106-3, 14.408-2, or subpart 15.4, as applicable, the 
contracting officer should be aware of customary commercial terms and 
conditions when pricing commercial items. Commercial item prices are 
affected by factors that include, but are not limited to, speed of 
delivery, length and extent of warranty, limitations of seller's 
liability, quantities ordered, length of the performance period, and 
specific performance requirements. The contracting officer must ensure 
that contract terms, conditions, and prices are commensurate with the 
Government's need.

[66 FR 53484, Oct. 22, 2001]