15.403-2
Other circumstances where certified cost or pricing data are not required
Certified cost or pricing data is not required when exercising options at established prices or for proposals solely for overrun funding or interim billing adjustments.
Overview
FAR 15.403-2 outlines specific situations where contractors are not required to submit certified cost or pricing data, even when such data might otherwise be expected. This section clarifies exceptions to the general rule, helping both contracting officers and contractors understand when the requirement for certified cost or pricing data does not apply.
Key Rules
- Exercise of Options at Established Prices
- When an option is exercised at the price set at contract award or initial negotiation, certified cost or pricing data is not required.
- Proposals for Overrun Funding or Interim Billing Adjustments
- Certified cost or pricing data is not required for proposals that are solely for overrun funding or interim billing price adjustments.
Responsibilities
- Contracting Officers: Must recognize and apply these exceptions when determining whether to request certified cost or pricing data.
- Contractors: Should be aware of these exceptions to avoid unnecessary data submission and streamline proposal processes.
- Agencies: Ensure policies and procedures reflect these exceptions to prevent delays and unnecessary administrative burden.
Practical Implications
- This section exists to reduce administrative workload and streamline contracting processes in situations where pricing has already been established or where proposals are limited to specific funding adjustments.
- It helps prevent redundant or unnecessary data submissions, saving time for both contractors and government personnel.
- Common pitfalls include misunderstanding when these exceptions apply, leading to either over-collection or under-collection of required data.