[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

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

[CITE: 48CFR819.807]



[Page 189]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 8--DEPARTMENT OF VETERANS AFFAIRS

 

PART 819_SMALL BUSINESS AND SMALL DISADVANTAGED BUSINESS CONCERNS--Table of 

Contents

 

 Subpart 819.8_Contracting With the Small Business Administration (The 

                              8(a) Program)

 

Sec. 819.807  Estimating fair market price.



    (a) Estimating the fair market price is a crucial initial step in 

determining what is a reasonable price for a negotiated 8(a) contract. 

For supplies and equipment, previous prices paid under competitive 

conditions, adjusted for inflation, may provide necessary data to make 

such an estimate.

    (b) Estimating fair market price for such services as architect-

engineer and construction may be accomplished through independent cost 

estimates and other pertinent data obtained from SBA when the estimated 

fair market price is not fully supportable from available documentation 

(see FAR 19.807).



[52 FR 37317, Oct. 6, 1987. Redesignated and amended at 63 FR 69220, 

Dec. 16, 1998]