15.401 Definitions.
As used in this subpart-
“Price” means cost plus any fee or profit applicable to the contract type.
“Subcontract” (except as used in 15.407-2) also includes a transfer of commercial items between divisions, subsidiaries, or affiliates of a contractor or a subcontractor (10 U.S.C.2306a(h)(2) and 41 U.S.C.3501(a)(3)).
[62 FR 51230, Sept. 30, 1997, as amended at 66 FR 2129, Jan. 10, 2001; 66 FR 65369, Dec. 18, 2001; 79 FR 24201, Apr. 29, 2014]