PRICE REALISM ANALYSIS NOT REQUIRED ON FIXED-PRICE CONTRACT
publication date: Feb 21, 2011
A cost realism analysis is performed on cost reimbursement procurements to assure that the price is not unrealistically low. On a fixed-price contract, however, an agency is only required to conduct a cost reasonableness evaluation to determine that the price is not too high. If the price is unreasonably low, the risk lies with the contractor.
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