### Question
Can you define what cost or pricing data means?


### Answer
**Cost or pricing data** is defined as the following in *41 U.S.C. § 3501*:

> 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 3506(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:
  - *41 U.S.C. § 3501*
  - Heading: **Subtitle I-Federal Procurement Policy > Division C-Procurement > CHAPTER 35-TRUTHFUL COST OR PRICING DATA**

