Question: T/F FAR 15.404-1(c)(2) lists the following different cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition:

T/F FAR 15.404-1(c)(2) lists the following different cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition: Verification of cost or pricing data and evaluation of cost elements. Evaluation of the effect of the offeror's current practices on future costs. Comparison of costs proposed by the offeror for individual cost elements. Verification that the offeror's cost submissions are in accordance with the contract cost principles and procedures in Part 31 and, when applicable, the requirements and procedures in the Cost Accounting Standards. Review of documentation to determine whether any cost or pricing data necessary to make the contractor's proposal accurate, complete, and current have not been either submitted or identified in writing by the contractor. Analysis of the results of any make-or-buy program reviews in evaluating subcontract costs. Group of answer choices True False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!