Cost Realism Sample Clauses

Cost Realism. The Government will conduct a cost realism analysis to determine whether the proposed costs for sample task orders (0001, 0002, and 0004) and ceiling rates included at base level are realistic for the work to be performed and reflect a clear understanding of contract requirements. Analysis will also determine whether the capability of the proposed compensation structure are realistic to obtain and keep suitably qualified personnel and are consistent with the unique methods of performance described in the Offeror’s technical proposal. The base contract(s) and task orders shall contain the Clause FAR 52.217-8 Option to Extend Services, or an equivalent clause. The Government will be evaluating the Clause FAR 52.217-8 Option to Extend Services using the rates for the final period prorated 6 months and this option is being considered with proposal amounts. By submitting a proposal for this requirement, the contractor agrees to this inclusion in the base contract and any/all task orders issued. The Government may determine that an offer is unacceptable if the option costs are significantly unbalanced. Evaluation of options shall not obligate the Government to exercise the option(s).
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Cost Realism. The Government will evaluate the realism of each offeror's proposed cost. The cost realism analysis will determine: (1) whether the estimated proposed costs are realistic for the offeror's technical approach, (2) whether the offeror has a clear understanding of the Government's requirements, (3) whether the offeror adequately addresses any unique methods of performance, and (4) whether offeror's materials adequately support technical performance as proposed.
Sample 1
Cost Realism. All proposed costs will be evaluated via a cost realism analysis to determine the probable cost of performance for each Offeror. This analysis is the process by which the Government will independently review and evaluate specific elements of each Offeror's proposed cost estimate to determine whether the estimated proposed cost elements are: realistic for the work to be performed, reflect a clear understanding of contract requirements, and are consistent with the unique methods of performance and materials described in the Offeror's technical proposal. The Government‘s estimated probable cost may differ from the offeror‘s proposed cost. The probable cost will be determined by adjusting each Offeror‘s proposed cost and fee, and cost sharing when appropriate, to reflect any additions or reductions in cost elements to realistic levels based on the results of the cost realism analysis. Unrealistic or unbalanced proposed costs may represent a high risk to the Government. The evaluated risk will be used in the Government‘s best value decision.
Sample 1

Related to Cost Realism

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  • Remedial Measures Upon becoming aware of an alleged security breach, Contractor’s Contract Manager must set up a conference call with the Department’s and the Customer’s Contract Manager. The conference call invitation must contain a brief description of the nature of the event. When possible, a thirty (30)- minute notice will be given to allow Department personnel to be available for the call. If the designated time is not practical for the Customer, an alternate time for the call will be scheduled. Contractor must share all available information on the call. The Contractor must answer all questions based on the information known at that time and answer additional questions as additional information becomes known. The Contractor must provide the Department and Customer with final documentation of the incident including all actions that took place. If the Contractor becomes aware of a security breach or security incident outside of normal business hours, the Contractor must notify the Department’s and the Customer’s Contract Manager and in all events, within one business day.

  • Workforce Adjustment (a) The Parties recognize that workforce adjustment may be necessary due to the elimination of positions resulting from a reduction in the amount of work required to be done by the Commission, reorganization or program termination.

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