DFARS 204.7601 Definitions
Section Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 204.7601
- Type
- Section
- Supplements
- FAR Part 4 Administrative and Information Matters
- Last amended
- 88 FR 17336 Effective Mar 22, 2023
- Text as of
- DFARS Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
As used in this subpart—
“Item risk” means the probability that a product, based on intended use, will introduce performance risk resulting in safety issues, mission degradation, or monetary loss.
“Price risk” means the measure of whether a proposed price for a product or service is consistent with historical prices paid for that item or service.
“Supplier risk” means the probability that an award may subject the procurement to the risk of unsuccessful performance or to supply chain risk (see 239.7301).
Federal Register history
Sections cited
- DFARS 239.7301 Definitions
Quick answers
What is DFARS 204.7601?
DFARS 204.7601 is a section of the Defense Federal Acquisition Regulation Supplement, titled "Definitions".
When was DFARS 204.7601 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement: Use of Supplier Performance Risk System (SPRS) Assessments (DFARS Case 2019-D009)" (88 FR 17336), published Mar 22, 2023 and effective Mar 22, 2023.
Are changes to DFARS 204.7601 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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