Common use of COST AND PRICING DATA Clause in Contracts

COST AND PRICING DATA. The selected Consultant(s) shall provide the following documentation to support the negotiated fee proposal as a condition precedent to the execution of the contract: A. An industry standard certified compilation of financial statements for any contract value that does not exceed $250,000, a review of financial statements for all continuing services contracts and any contract value that exceed $250,000, by third-party licensed Certified Public Account (CPA) for the most recently completed fiscal period, or within the last 12 months, clearly showing the costs (not percentage) of direct labor, indirect labor, fringe benefits, general administrative and overhead costs and a statement of profit or operating margin requested. The County reserves the right to request third-party audited financial statements by a licensed CPA based on project complexity and/or contract value. A detailed general ledger that is reconciled to the statement of direct labor, indirect labor, fringe benefits, general administrative and overhead costs shall be furnished upon request of the County. B. A detailed summary of any transactions between organizations under common control that are included in the indirect costs reported in paragraph “a.” above. C. Raw labor rates by labor classification certified as accurate by an officer of the company. Billable hourly rates for the Consultant developed by multiplying the raw labor rates by the breakeven multiplier. Breakeven multiplier includes direct and indirect labor, general administrative and overhead costs. D. The profit or operating margin must be clearly indicated. E. Schedule of reimbursable/out-of-pocket charges and or direct expenses to be utilized during the term of the contract. F. Scope of service as revised during contract negotiations. Note that changes should serve to clarify the scope and not add or delete from the scope of work as contained in the Request for Proposals. G. Breakeven multiplier statement from each subconsultant (breakeven multiplier includes direct and indirect labor, general administrative and overhead costs) and the profit or operating margin clearly indicated. H. If any costs for local travel are included, there must be compelling reasons for such costs that must be adequately supported with specific justification.

COST AND PRICING DATA. The County shall require the selected Consultant(s) shall Consultant to provide any or all of the following documentation to support the negotiated fee proposal Proposal as a condition precedent to the execution of the contract: A. An industry standard A certified compilation of audited financial statements for any contract value that does not exceed $250,000, a review of financial statements for all continuing services contracts and any contract value that exceed $250,000, by third-party licensed Certified Public Account (CPA) statement for the most recently completed fiscal period, or within the last 12 months, clearly showing the costs (not percentage) of direct labor, indirect labor, fringe benefits, general administrative and overhead costs and a statement of profit or operating margin requested. The County reserves the right to request third-party audited financial statements by a licensed CPA based on project complexity and/or contract value. A detailed general ledger that is reconciled to the statement of direct labor, indirect labor, fringe benefits, general administrative and overhead costs shall be furnished upon request of the County. B. A detailed summary of any transactions between organizations under common control that are included in the indirect costs reported in paragraph “a.” above. C. Raw labor rates by labor classification certified as accurate by an officer of the company. Billable hourly rates for the Consultant developed by multiplying the raw labor rates by the breakeven multiplier. Breakeven multiplier includes direct and indirect labor, general administrative and overhead costs. D. The profit or operating margin must be clearly indicated. E. Schedule of reimbursable/out-of-pocket charges and or direct expenses to be utilized during the term of the contract. F. Scope of service as revised during contract negotiations. Note that changes should serve to clarify the scope and not add or delete from the scope of work as contained in the Request for Proposals. G. Breakeven multiplier statement from each subconsultant (breakeven multiplier includes direct and indirect labor, general administrative and overhead costs) and the profit or operating margin clearly indicated. H. If any costs for local travel are included, there must be compelling reasons for such costs that must be adequately supported with specific justification.