[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR12.209]



[Page 197]

 

            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]