Term -Cost or pricing data threshold

Cost or pricing data threshold. FAR 15.403-4 specifies the dollar threshold at which contracting officers obtain cost or pricing data in negotiated acquisitions. On October 11, 2000 (65 FR 60553), this threshold was increased from $500,000 to $550,000. This final rule amends DFARS 215.404 and 253.215-70 to remove references to the $500,000 threshold. Since 10 U.S.C. 2306a(a)(7) and 41 U.S.C. 254b(a)(7) require review of the cost or pricing data threshold every 5 years, this rule replaces the figure “$500,000” with the phrase “cost or pricing data threshold” to minimize the need for future DFARS changes.

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