Cost or pricing data definition

Cost or pricing data means cost or pricing data as defined in FAR 2.101.

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Cost or pricing data. ’ means all facts as of the time of

Cost or pricing data means all facts as of the time of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental, and are therefore verifiable. While they do not indicate the accuracy of the prospective contractor's judgment about estimated future costs or projections, they do include the data forming the basis for that judgment. Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred. They also include such factors as: (a) vendor quotations; (b) non recurring costs; (c) information on changes in production methods and in production or purchasing volume;

Examples of Cost or pricing data in a sentence

• Cost or pricing data must be submitted to the Agency procurement officer and timely certified as accurate for contracts over $100,000 unless the contract is for a multiple-term or as otherwise specified by the Agency procurement officer.

• Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred.

• Cost or pricing data are factual, not judgmental, and are therefore verifiable.

• The right of examination will extend to all records necessary to permit adequate evaluation of the Cost or pricing data submitted along with the computations and projections used therein.

• Cost or pricing data mean all facts as of the date of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations significantly.

• Cost or pricing data consists of all facts which can reasonably be expected to contribute to sound estimates of future costs as well as to the validity of costs already incurred.

• Board and its Authorized Representative will have the right to examine all books, records, documents, and other data of Consultant related to th e negotiation, pricing, or performance of such Agreement, including Change Orders, Delivery Orders, Modifications, Amendments or similar documents, for the purpose of evaluating the accuracy, completeness, and currentness of the Cost or pricing data submitted.

• Cost or pricing data may be required for any monetary changes to this Contract at the sole election of the owner.

• G.32.5.3 Cost or pricing data includes all facts as of the time of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations significantly.

• Cost or pricing data must be submitted to the Agency procurement officer and timely cirtified as accurate for contracts over $100,000 unless the contract is for a multiple-tenn or as otherwise specified by the Agency procurement officer.

More Definitions of Cost or pricing data

Cost or pricing data means all facts as of the time of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations significantly, including all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred.

Cost or pricing data means all facts that, as of the date of agreement on price (or another agreed upon date), prudent buyers and sellers would reasonable expect to significantly affect price negotiations.

Cost or pricing data means all facts that, as of the

Cost or pricing data shall have the meaning set forth in FAR § 2.101.

Cost or pricing data means facts available at the time of price agreement that prudent buyers and sellers would reasonably expect to affect price significantly. Cost or pricing data are factual, not judgmental, and are therefore, verifiable. While they do not indicate the accuracy of the prospective contractor’s judgment about estimated future costs or projections, they do include the data forming the basis for that judgment. Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred. They also may include such factors as (1) sub-tier supplier quotations; (2) nonrecurring costs; (3) information on changes in production methods and in production or purchasing volume; (4) data supporting projections of business prospects and objectives and related operations costs; (5) unit- cost trends such as those associated with labor efficiency; (6) make-or-buy decisions; (7) estimated resources to attain business goals; (8) information on management decisions that could have a significant bearing on costs; (9) supplier negotiation decrement; and (10) cost/price analysis.

Cost or pricing data means all facts as of the date of price agreement that prudent buyers and sellers would reasonably expect to affect price negotiations significantly Cost or