Cost and Price Analysis in Government Contracting Government Contracting Officers are required to “purchase supplies and services from responsible sources at fair and reasonable prices”1: “(1) The contracting officer is responsible for evaluating the reasonableness of the offered prices. The analytical techniques and procedures described in this subsection may be used, singly or in combination with others, to ensure that the final price is fair and reasonable.
Comprehensive Two Day Construction Contracts Training Course. There is a cost associated. Learn how to lessen or eliminate your exposure to these types of. Administer a Construction Contract CPCCBC4016A. For completion of contract at the cost of the. Construction Clauses and Exercise 6 on Contract Types.
The complexity and circumstances of each acquisition should determine the level of detail of the analysis required. (2) Price analysis shall be used when certified cost or pricing data are not required (3) Cost analysis shall be used to evaluate the reasonableness of individual cost elements when certified cost or pricing data are required. Price analysis should be used to verify that the overall price offered is fair and reasonable.”2 The CO is given the following additional guidance: “Normally competition establishes price reasonableness. Sommerfeld Tools Coupon. Therefore, when contracting on a firm fixed-price or fixed-price with economic price adjustment basis, comparison of the proposed prices will usually satisfy the requirement to perform price analysis, and a cost analysis need not be performed.”3 Government Contractors, when purchasing supplies or services under a government cost reimbursement contract, are held to a similar standard.4 Furthermore, when bidding on any contract for which “certified cost or pricing data” are required, contractors are instructed to: “Conduct price analyses of all subcontractor proposals. Conduct cost analyses for all subcontracts when certified cost or pricing data are submitted by the subcontractor. An Introduction To Phonetics And Phonology John Clark Pdf there.
Course Description Students will receive an overview of the contract types most frequently used in federal contracting, as well as the basic principles and limitations governing their use.