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.
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Cost realism means that the costs in an offeror’s pro- posal—
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Examples of Cost realism in a sentence

  • Cost realism and reasonableness shall also be considered to the extent appropriate.

  • Cost realism and reasonableness will also be considered when selecting proposals.

  • Cost realism analyses may also be used on fixed-price incentive contracts or, in exceptional cases, on other competitive fixed-price-type con- tracts (see 15.404-1(d)(3)).

  • 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 analysis will be conducted in accordance with FAR 15.404-1(d).

  • Cost realism including whether the price offered is within the cost range that Cardno/USAID CFG should realistically expect to pay for the proposed effort.

  • Cost realism analysis will be conducted on the CR CLINs in accordance with FAR 15.404-1(d).

  • Cost realism analysis is conducted by evaluating the supportive data that form the bases of the individual elements of cost to determine probable cost of the performance.

  • Cost realism analyses may also be used on fixed-price incentive contracts or, in exceptional cases, on other competitive fixed-price-type contracts (see 15.404-1(d)(3)).

  • Cost realism is defined as the Offerors’ ability to project costs which are realistic for the work to be performed; reflect a clear understanding of the requirements; and are consistent with the Offeror’s technical capacity.


More Definitions of Cost realism

Cost realism. , means the costs in an Proposer’s proposal:
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Cost realism as defined in FAR 15.401 means the costs in an Offeror’s proposal are:
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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.
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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
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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.
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Related to Cost realism

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