### Question
How is the term cost or pricing data defined?


### Answer
The term **cost or pricing data** is defined in *10 U.S.C. § 2306a* as the following:

> 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), 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. § 2306a*
  - Heading: **Subtitle A-General Military Law     > PART IV-SERVICE, SUPPLY, AND PROCUREMENT   > CHAPTER 137-PROCUREMENT GENERALLY**

