Cost or pricing data

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Cost or pricing data (10 U.S.C. 2306a(h)(1) and 41 U.S.C. 254b) means
all facts that, as of the date of price agreement or, if applicable, an
earlier date agreed upon between the parties that is as close as
practicable to the date of agreement on price, prudent buyers and
sellers would reasonably expect to affect price negotiations
significantly. Cost or pricing data are data requiring certificaion in accordance with 15.406-2. Cost or pricing data are factual, not
judgmental; and are 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-

    (1) Vendor 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 attai business goals; and
    (8) Information on management decisions
that could have a significant bearing on costs.

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