FAR 19.807 Estimating fair market price
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 19.807
- Type
- Section
- Last amended
- 75 FR 53135 Effective Oct 1, 2010
- 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
(a) The contracting officer shall estimate the fair market price of the work to be performed by the 8(a) contractor.
(b) In estimating the fair market price for an acquisition other than those covered in paragraph (c) of this section, the contracting officer shall use cost or price analysis and consider commercial prices for similar products and services, available in-house cost estimates, data (including certified cost or pricing data) submitted by the SBA or the 8(a) contractor, and data obtained from any other Government agency.
(c) In estimating a fair market price for a repeat purchase, the contracting officer shall consider recent award prices for the same items or work if there is comparability in quantities, conditions, terms, and performance times. The estimated price should be adjusted to reflect differences in specifications, plans, transportation costs, packaging and packing costs, and other circumstances. Price indices may be used as guides to determine the changes in labor and material costs. Comparison of commercial prices for similar items may also be used.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definition of Cost or Pricing Data |
Quick answers
What is FAR 19.807?
FAR 19.807 is a section of the Federal Acquisition Regulation, titled "Estimating fair market price".
When was FAR 19.807 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definition of Cost or Pricing Data" (75 FR 53135), published Aug 30, 2010 and effective Oct 1, 2010.
Are changes to FAR 19.807 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
On GovTribe
Follow the rules behind federal contracts
- Search Federal Register rules and proposed rules for the FAR, DFARS and agency supplements
- Solicitations, awards and government files in one search
- Ask GovTribe AI about the rules that apply to a contract