§3506. Price reductions for defective cost or pricing data — Inbound Citations

Citations to §3506(a)(2)

• 41 U.S.C. § 3501(a)(1)

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  (1) 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 3506(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. The term does not include information that is judgmental, but does include factual information from which a judgment was derived.