### Question
What is the definition of cost or pricing data?


### Answer
The definition of **cost or pricing data** is as follows in *10 U.S.C. § 3701*:

> 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 3706(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

#### Citation:
  - *10 U.S.C. § 3701*
  - Heading: **Subtitle A-General Military Law > PART V-ACQUISITION > Subpart D-General Contracting Requirements > CHAPTER 271-TRUTHFUL COST OR PRICING DATA (TRUTH IN NEGOTIATIONS)**

