15.403
Obtaining certified cost or pricing data
FAR 15.403 establishes when certified cost or pricing data must be obtained, when it is prohibited, and outlines exceptions and submission requirements to ensure fair and reasonable contract pricing.
Overview
FAR 15.403 outlines the requirements and procedures for obtaining certified cost or pricing data in federal contracting. It establishes when such data must be obtained, when it is prohibited, and when other types of data may be required. The section also provides instructions for the submission of both certified and non-certified cost or pricing data, ensuring transparency and fairness in contract pricing. The regulation is designed to prevent overpricing and ensure the government pays fair and reasonable prices by requiring detailed cost information in certain circumstances, while also specifying exceptions and alternative data requirements.
Key Rules
- Prohibition on Obtaining Certified Cost or Pricing Data
- Certified cost or pricing data cannot be requested in certain situations, such as when prices are set by law or regulation, or for commercial items.
- Exceptions to Certified Data Requirements
- There are specific circumstances where certified cost or pricing data are not required, such as adequate price competition or when a waiver is granted.
- Requiring Data Other Than Certified Cost or Pricing Data
- When certified data is not required, contracting officers may still request other data to determine price reasonableness.
- Requiring Certified Cost or Pricing Data
- Certified cost or pricing data must be obtained for certain contract actions above the threshold unless an exception applies.
- Submission Instructions
- Provides detailed instructions for contractors on how to submit required data, including format and certification requirements.
Responsibilities
- Contracting Officers: Determine when certified cost or pricing data is required, apply exceptions, and request appropriate data.
- Contractors: Submit certified or other cost or pricing data as required, following submission instructions.
- Agencies: Ensure compliance with data requirements and maintain oversight of pricing practices.
Practical Implications
- This section ensures the government obtains sufficient pricing information to negotiate fair contracts.
- Contractors must be aware of when certified data is required and the proper submission process.
- Common pitfalls include misunderstanding exceptions or failing to provide adequate data, which can delay contract awards or result in noncompliance.