### Question
How does PROCUREMENT PROCEDURES define cost or pricing data?


### Answer
Under *41 U.S.C. § 254b*, **cost or pricing data** is defined as:

> 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 subsection (e)(1)(B) of this section, 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. § 254b*
  - Heading: **CHAPTER 4-PROCUREMENT PROCEDURES > SUBCHAPTER IV-PROCUREMENT PROVISIONS**

