Cost or pricing data definition

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

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

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 pricing data are factual, not judgmental, and are therefore verifiable. While they do not indicate the accuracy of a prospective provider's judgement about future costs or projections, they do include the data forming the basis for that judgement. Cost or pricing data are more than historical accounting data; they are all facts that can reasonably be expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred.

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.

• Cost or pricing data, being factual, is that type of information which can be verified.

• 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.

• Cost or pricing data consists of all facts existing up to the time of agreement on price which prudent buyers and sellers would reasonably expect to have a significant effect on the price negotiations for the modification.

• 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 are factual, not judgmental; and are verifiable.

• Cost or pricing data (as defined in sec- tion 2306a(h) of title 10 with respect to pro- curements subject to that section and sec- tion 3501(a) of this title with respect to pro- curements subject to that section).

• Cost or pricing data are data requiring certification in accordance with FAR 15.406-2.

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

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

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

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 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.