Final Price Analysis Price Analyst Schedule expires on 30 Sep and no option periods or no new schedule awarded. If you determine that no other exception applies, you must require submission of cost or pricing data.
For any given procurement, different bases for price analysis may give you a different view of price reasonableness. Many of these were discussed in detail in the Mar training and some of this information is included in the backup slides. This training will also provide some applications to illustrate techniques.
In this case, the proposed price was reasonable Be sure to document the basis for price reasonableness If lot 1 of a buy is reasonable, then lot 2 one year later may also be determined reasonable based on Lot 1, but Lot 3 should not be based on lot 2, lot 4 based on lot 3, etc.
Fiscal year funds a Casenurrfcer 2.
All information provided by the contractor was relied upon as a basis o settlement of this acquisition. This should be documented in the pricing write-up since it is a factor in how we evaluate the proposed prices.
In other words, the government will be awarded a contract price adjustment when the government proves that a contractor furnished defective cost or pricing data and "the [Government] relied on the overstated costs to its detriment.
This is critical in price analysis where the future reader could be supporting a court case with minimal data.
FAR a 3 states price analysis should be used to verify that the overall price offered is fair and reasonable. Prior award date Quantity Price Analyzing any variances for current buy Escalation, quantity, etc Price Analysis also includes documenting any adjustments to the current buy.
IG-finding: evaluators are either simply accepting what they are told or are ignoring need to do analysis both on commercial determination and the price One problem is that the decision may be done correctly, but it is not being thoroughly documented.