FAR 12.209 Determination of price reasonableness
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 12.209
- Type
- Section
- Last amended
- 86 FR 61017 Effective Dec 6, 2021
- Text as of
- FAC 2026-01
- 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
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 products and commercial services and conditions when pricing commercial products and commercial services. Commercial product and commercial service 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.
Federal Register history
Sections cited
- FAR 13.106-3 Award and documentation
- FAR 14.408-2 Responsible bidder-reasonableness of price
- FAR Subpart 15.4 Contract Pricing
Quick answers
What is FAR 12.209?
FAR 12.209 is a section of the Federal Acquisition Regulation, titled "Determination of price reasonableness".
When was FAR 12.209 last changed?
The most recent final rule on record is "Federal Acquisition Regulation: Revision of Definition of “Commercial Item”" (86 FR 61017), published Nov 4, 2021 and effective Dec 6, 2021.
Are changes to FAR 12.209 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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