# 48 C.F.R. § 19.001 (2026): Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T48_P19_S19_001

## Section

- **Citation:** 48 C.F.R. § 19.001 (2026)
- **Heading:** Definitions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 48 CFR: Federal Acquisition Regulations System / Chapter 1 / Part 19 / § 19.001: Definitions.

## Text

As used in this part— Concern means any business entity organized for profit (even if its ownership is in the hands of a nonprofit entity) with a place of business located in the United States or its outlying areas and that makes a significant contribution to the U.S. economy through payment of taxes and/or use of American products, material and/or labor, etc. “Concern” includes but is not limited to an individual, partnership, corporation, joint venture, association, or cooperative. For more information, see 13 CFR 121.105. Fair market price means a price based on reasonable costs under normal competitive conditions and not on lowest possible cost (see 19.202-6). Industry means all concerns primarily engaged in similar lines of activity, as listed and described in the North American Industry Classification system (NAICS) manual. Similarly situated entity means a first-tier subcontractor, including an independent contractor, that— (1) Has the same small business program status as that which qualified the prime contractor for the award ( e.g., for a small business set-aside contract, any small business concern, without regard to socioeconomic status); and (2) Is considered small for the size standard under the NAICS code the prime contractor assigned to the subcontract. [51 FR 2650, Jan. 17, 1986] Editorial Note: For Federal Register citations affecting section 19.001, see the List of CFR Sections Affected, which appears in the Finding Aids section of the printed volume and at www.govinfo.gov.

## Nearby sections

- [48 C.F.R. § 19.000 (2026) Scope of part.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P19_S19_000.md)
- [48 C.F.R. § 19.001 (2026) Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P19_S19_001.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T48_P19_S19_001. Check the current official text before relying on it. Not legal advice.