Common use of Sufficiency Review Clause in Contracts

Sufficiency Review. Once all requested information has been received, Contractor shall review the information for sufficiency to ensure adequate quantity and quality of data exists to develop an accurate and effective IGCE. The Sufficiency Review serves to: • Determine all costs involved in performing the contract scope of work, including any direct and indirect costs as well as contractor profits and fees. • Examine the information to ensure that it meets the technical requirements for its intended purpose. • Determine whether the information is clearly documented, well organized, and presented at an appropriate level of detail, and that summary documents are traceable to the supporting documentation. • Look at the depth and breadth of the supporting documents, and data contained therein. The Sufficiency Review may determine that certain documentation is insufficient for proceeding with the cost estimate. In such instances, Contractor shall notify the agency, provide a list of the documents that are insufficient, and provide reasons for the finding or specific information needed to make the document acceptable.

Sufficiency Review. Once all requested information has been received, Contractor shall review the information for sufficiency to ensure adequate quantity and quality of data exists to develop an accurate and effective IGCE. The Sufficiency Review serves to: •  Determine all costs involved in performing the contract scope of work, including any direct and indirect costs as well as contractor profits and fees. •  Examine the information to ensure that it meets the technical requirements for its intended purpose. •  Determine whether the information is clearly documented, well organized, and presented at an appropriate level of detail, and that summary documents are traceable to the supporting documentation. •  Look at the depth and breadth of the supporting documents, and data contained therein. The Sufficiency Review may determine that certain documentation is insufficient for proceeding with the cost estimate. In such instances, Contractor shall notify the agency, provide a list of the documents that are insufficient, and provide reasons for the finding or specific information needed to make the document acceptable.