# 48 CFR § 19.001: 19.001 Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-48-19.001

## Section

- **Citation:** 48 CFR § 19.001
- **Heading:** 19.001 Definitions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 48—Federal Acquisition Regulations System > CHAPTER 1—FEDERAL ACQUISITION REGULATION > SUBCHAPTER D—SOCIOECONOMIC PROGRAMS > PART 19—SMALL BUSINESS PROGRAMS

## 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 CFR § 19.000 19.000 Scope of part.](https://www.frixlaw.com/law-library/statutes/ecfr-48-19.000.md)
- [48 CFR § 19.001 19.001 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-48-19.001.md)
- [48 CFR § 22.000 22.000 Scope of Part.](https://www.frixlaw.com/law-library/statutes/ecfr-48-22.000.md)
- [48 CFR § 22.001 22.001 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-48-22.001.md)
- [48 CFR § 23.000 23.000 Scope of part.](https://www.frixlaw.com/law-library/statutes/ecfr-48-23.000.md)
- [48 CFR § 23.001 23.001 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-48-23.001.md)
- [48 CFR § 23.002 23.002 Policy.](https://www.frixlaw.com/law-library/statutes/ecfr-48-23.002.md)
- [48 CFR § 24.000 24.000 Scope of part.](https://www.frixlaw.com/law-library/statutes/ecfr-48-24.000.md)
- [48 CFR § 25.000 25.000 Scope of part.](https://www.frixlaw.com/law-library/statutes/ecfr-48-25.000.md)
- [48 CFR § 25.001 25.001 General.](https://www.frixlaw.com/law-library/statutes/ecfr-48-25.001.md)
- [48 CFR § 25.002 25.002 Applicability of subparts.](https://www.frixlaw.com/law-library/statutes/ecfr-48-25.002.md)
- [48 CFR § 25.003 25.003 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-48-25.003.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-48-19.001. Check the current official text before relying on it. Not legal advice.