Price/Cost Reasonableness Sample Clauses

Price/Cost Reasonableness. The Government will not evaluate price adjectivally. The Government will analyze the proposed price provided in Section B and attachments J-2a and J-2b of volume III in accordance with FAR 15.404 using proposal analysis techniques to determine fair and reasonable pricing. The Government may use one or a combination of price analysis techniques and procedures to ensure a fair and reasonable price is received. Award will be made on the basis of the lowest priced proposal that meets the acceptability standards for all non- price factors and sub-factors, in accordance with FAR 15.101-2. The offeror’s total proposed price of the basic contract line item number (CLIN) 0001 and 0003 found in Section B shall match the sum of all paragraph line items within the Price Breakdown Spreadsheet (respective to individual tabs) found in attachment J-2a for CLIN 0001 and attachment J-2b for CLIN 0003. CLIN 0002, CLIN 0004 and CLIN 0005 are informational only and shall not be priced. If the Government determines an offeror’s estimates to be inexplicably low or otherwise not fair and reasonable, that offeror may be eliminated from the competition without further discussion. Completion of Attachment J-2a and Attachment J-2b are REQUIRED to be submitted with your proposal. Failure to submit a price for any line item(s) in the J-2a attachment or J-2b attachment may result in the offer being rejected as unacceptable. Labor Rate/Manhour, G&A Rate, and Profit Rate (Row 67 on Attachment J-2 Price Proposal Worksheet) are used to calculate for the overall price of the base contract award shall be the basis for pricing all modifications under this contract. CLAUSES INCORPORATED BY FULL TEXT M-215-H004 BASIS OF AWARD (NAVSEA) (DEC 2018) ALL UNITS OF ALL ITEMS WILL BE AWARDED TO ONE OFFEROR. OFFERS, THEREFORE, MUST BE ON THE BASIS OF FURNISHING ALL UNITS OF ALL ITEMS TO THE SPECIFICATION(S) DETAILED IN THIS SOLICITATION.
Sample 1
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Price/Cost Reasonableness. The Government may reject an offer if it is materially unbalanced as to prices for the basic requirement and the option quantities. An offer is unbalanced when it is based on prices significantly less than cost for some work and prices which are significantly overstated for other work.
Sample 1

Related to Price/Cost Reasonableness

  • Reasonableness In the event that the provisions of this Section 10 shall ever be deemed to exceed the time, scope or geographic limitations permitted by applicable laws, then such provisions shall be reformed to the maximum time, scope or geographic limitations, as the case may be, permitted by applicable laws.

  • Contract Price Adjustment The basis upon which the Contract Price shall be adjusted is as set out in paragraph 9.2 of Schedule IVB.

  • Reasonableness of Price The Contractor demonstrated that all the New York maximum not to exceed rates are reasonable. In accordance with Appendix B, section 17, Pricing, Contractor shall notify OGS when it provides pricing for its consulting services upon the same or similar terms and conditions as that of this Contract at a lower price to a federal, state or local governmental entity.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Estimate The Engineer shall independently develop and report quantities necessary to construct the contract in standard State bid format at the specified milestones and Final PS&E submittals. The Engineer shall prepare each construction cost estimates using Estimator or any approved method. The estimate shall be provided at each milestone submittal or in DCIS format at the 95% and Final PS&E submittals per State’s District requirement.

  • Cost Estimate An estimate of the total project cost including but not limited to direct expenses, indirect expenses, land cost, and capital expenses.

  • PRICE CEILING Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods/Services.

  • Contract Price 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents the amounts that follow, subject to adjustment under the Contract:

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

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