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Which 10 USC is the statutory authority for requiring certified cost or pricing data?
Wiki User
∙ 11y ago
10 U.S.C. 2306(a)
Wiki User
∙ 11y ago
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What gives us the authority to request the submission of certified cost or pricing data on this modification?
52.215-11. Unless an exception applies, FAR 15.403-4 (a)(1)(iii) requires the submission of certified cost or pricing data for any modification expected to exceed the current threshold, regardless of whether or not certified cost or pricing data were initially required.
What is certified cost or pricing data subsequently found to have been inaccurate incomplete or noncurrent known as?
Certified cost or pricing data subsequently found to be inaccurate, incomplete, or noncurrent is known as defective pricing. It refers to a situation where the data provided during the pricing process was misleading or incorrect. Defective pricing can lead to financial penalties and potential legal consequences for the party responsible for providing the inaccurate information.
What clause in the FAR provides a remedy to the government in the event the contractor submits defective certified cost or pricing data on this modification?
FAR 15.408 (c) states, "The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-11, Price Reduction for Defective Certified Cost or Pricing Data -- Modifications, in solicitations and contracts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4) for the pricing of contract modifications, and the clause prescribed in paragraph (b) of this section has not been included."
When the Contracting Officer has relied on certified cost or pricing data in the price determination which of the following statements is true?
price negotiation
When an offeror is required to provide certified cost or pricing data should be used to verify that the overall price offered is fair and reasonable.?
price analysis
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What is the role of QCA in Australia?
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What situations are considered exempt from the submission of Certified Cost or Pricing Data?
sole source acquisition of $35 million FFP effort; price determined using cost analysis.
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