When certified cost or pricing data are not required, why might data other than certified cost or pricing data be obtained?

Prepare for the Back‑to‑Basics (BtB) Contracting Certification Exam. Benefit from flashcards and multiple choice questions, each with hints and explanations. Ace your certification exam!

Obtaining data other than certified cost or pricing data is primarily necessary to establish a fair and reasonable price. Even when certified data is not required, it’s crucial for the contracting officer to ensure that the price is reasonable and justifiable. This can help prevent overpayments and maintain the integrity of the procurement process. Non-certified data might include historical pricing, comparisons with similar contracts, or market research, all of which provide critical insights into pricing structures and help in negotiating or evaluating the fairness of the price being offered.

In the context of choosing to obtain this data, establishing a fair and reasonable price ensures that the government or contracting entity is making informed decisions, adhering to fiscal responsibility, and optimizing resource allocations. This aligns well with the goals of proper contracting practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy