Clc 056 100 sure - Study guides, Class notes & Summaries

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - Contracting Officers are required to purchase supplies and services from responsible sources at fa...