Cost realism definition

Cost realism means that the costs in an offeror’s proposal—

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Cost realism means that the costs in Proposer’s Proposal: (1) are realistic for the Services to be provided; (2) reflect a clear understanding of the requirements; and (3) are consistent with the various elements of the Proposer’s Proposal.

Cost realism means that the costs in an offeror’s pro- posal—

Examples of Cost realism in a sentence

Cost realism is about the system of logic, the assumptions about the future, and the reasonableness of the historical basis of the estimate.
Cost realism is the process of independently reviewing and evaluating 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 the requirements; and are consistent with the unique methods of performance described in the Offeror’s technical proposal.
Evaluation of cost proposals will consider but not be limited to the following: - Cost realism and completeness of cost proposal and supporting documentation.
The Reinsurer shall maintain the confidentiality of the Confidential Information, shall use it only for purposes for which it was disclosed.
Cost realism will be performed to determine the probable cost of performance for each Offeror.
The total evaluated price will be the sum of the FFP CLINs, Cost Plus Fixed Fee CLINS, any adjustments due to Cost realism on CLIN X003, the Government plug amounts for ODC and Travel , and the 6-month FAR 52.217-8 period CLINs. The Government will calculate the FAR 52.217-8 6-month option period to extend services by dividing the total cost of the last proposed year (Year 5/Option Period 4) by 2.
Cost realism analysis is the process of independently reviewing and evaluating specific elements of each Offeror’s proposed cost to determine whether the proposed cost is realistic for the work to be performed and are consistent with the unique methods of performance and materials described in the Offeror’s technical proposal.
Cost realism analysis is conducted to determine what the Government should realistically expect to pay for the proposed effort, the ▇▇▇▇▇▇▇'s understanding of the work and the offeror's ability to perform the work.
Cost realism will be used to review and evaluate the CPFF 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.
Cost realism evaluates if the Costs are realistic, are a clear understanding of the requirements, and are consistent with the various elements of the Offeror’s technical proposal.

More Definitions of Cost realism

Cost realism means that costs in a bidder’s proposal are realistic for the work to be performed; reflect a clear understanding of the requirements; and are consistent with the various elements of the bidder’s technical proposal. Thus, cost realism is an assessment of accuracy with which proposed costs represent the most probable cost of performance within each bidder’s technical approach. The cost realism analysis will inform IBI’s best value analysis.

Cost realism means that the costs in an offeror’s proposal—(1) are realistic for the work to be performed, (2) reflect a clear understanding of the requirements; and (3) are consistent with the various elements of the offeror’s technical proposal.

Cost realism means that the costs in an Offeror’s proposal: (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the Offeror’s technical proposal. Completeness The adequacy of the cost proposal, in relation to the SOW, considering whether all costs are included or accounted for. All SOW requirements must be included. Recency A measure of the time that has elapsed since the past performance or corporate experience reference occurred. Recency is generally expressed as a time period during which past performance or corporate experience references are considered relevant. Past performance or corporate experience references that are older than 5 years from the due date of the proposal is not considered recent and therefore is not considered relevant. As it pertains to recent past performance, the more recent past performance references are considered better indicators of future performance. CLAUSES INCORPORATED BY REFERENCE 52.217-5 Evaluation Of Options JUL 1990 CLAUSES INCORPORATED BY FULL TEXT

Cost realism. , means the costs in an Proposer’s proposal:

Cost realism as defined in FAR 15.401 means the costs in an Offeror’s proposal are: