41 U.S.C. § 3505 - U.S. Code - Unannotated Title 41. Public Contracts § 3505. Submission of other information

(a) Authority to require submission.--When certified cost or pricing data are not required to be submitted under this chapter for a contract, subcontract, or modification of a contract or subcontract, the contracting officer shall require submission of data other than certified cost or pricing data to the extent necessary to determine the reasonableness of the price of the contract, subcontract, or modification of the contract or subcontract. Except in the case of a contract or subcontract covered by the exceptions in section 3503(a)(1) of this title, the contracting officer shall require that the data submitted include, at a minimum, appropriate information on the prices at which the same item or similar items have previously been sold that is adequate for evaluating the reasonableness of the price for the procurement.

(b) Limitations on authority.--The Federal Acquisition Regulation shall include the following provisions regarding the types of information that contracting officers may require under subsection (a):