UPDATED All CON 170 Student Exercises / CON 170 Fundamentals of Cost and Price Analysis Student Exercises 2023 Graded A+

All CON 170 Student Exercises / CON 170 Fundamentals of Cost and
Price Analysis Student Exercises 2023
1. A fair and reasonable price is: fair to
both parties not too high or too low
the price a prudent buyer
would pay not defined by the
FAR
requires a great deal of judgement by the CO

2. Proposal analysis techniques: price
analysis cost analysis
cost realism
analysis technical
analysis unit
pricing

3. Price Analysis: Used to determine price fair and reasonable
when certified price and cost data is not required by TINA,
compares just bottom line price

4. 2 most preferred price analysis techniques: prices received in
response to the solicitation
prices of previously proposed prices

5. Price analysis techniques list: FAR 15.401(b)(2) and (3)

6. Cost analysis: review of separate cost elements to determine
price fair and reasonable on contracts where TINA applies

7. When certified cost or pricing data is required: cost analysis

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, shall be used and price analysis should be used

8. When certified cost or pricing data is not required: price
analysis shall be used and cost analysis may also be used

9. Cost realism: shall be used on cost type contracts, may be used on
other types determines the most probable cost

10.Unbalanced pricing: when one or more contract line items are
significantly over or understated but the overall price appears
acceptable

11.Proposal analysis: determines the price fair and reasonable

12.proposal evaluation: used only in source selection

13.price related factors: are for evaluation purposes only and are
not considered in award price

14.Examples of price related factors: transportation
-fob origin--add shipping cost to
proposal lifecycle
options
HubZone
PEP




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