What is meant by cost or pricing data in price agreements?

Cost or pricing data in price agreements refers to all relevant facts that are expected to significantly influence the price negotiations. This includes a wide array of information such as direct and indirect costs, profit margins, and any other financial metrics that could impact the pricing structure of the goods or services being negotiated. Understanding this data is crucial for both parties in a negotiation, as it helps set fair and reasonable prices based on comprehensive and factual basis.

The focus on significant effects underscores the need for informed decision-making—parties involved in negotiations rely on accurate and comprehensive cost data to arrive at agreeable prices that reflect both market realities and the specific circumstances of the negotiation.