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Two part question :(a) What is the regulatory definition of cost or pricing data?(You should not need more than a single sentence to answer this

Two part question:(a) What is the regulatory definition of "cost or pricing data"?(You should not need more than a single sentence to answer this question; if you are planning on a career in government contracting you should probably memorize this sentence.Don't be confused by IMHO the useless regulatory definition of "certified cost or pricing data.")

(b) What is the name of the statute that requires (under some circumstances) that an offeror or contractor provide the government with certified "cost or pricing data"? [There now two names; I will accept either.]

a.Definition: ______________________________________________________________

________________________________________________________________________

b.Statute Name: _____________________________________________________

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