CON 3900 - Cost and Price Analysis Exam with
Correct Answers
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Practice questions for this set
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Cost Realism
Choose an answer
1 What is the definition of Price?
Independently reviewing and evaluating specific elements of each proposed cost
2
estimate
any cost not directly identified with a single final cost objective, but identified with two
3
or more final cost objectives or with at least one intermediate cost objective
The process of examining and evaluating a proposed price w/out evaluating separate
4
cost elements and proposed profit
, Don't know?
Terms in this set (22)
What is the definition of cost plus any fee or profit
Price?
comes from reasonable sources, and is done
What is the Government's
independently and separately; must be fair and
Pricing Policy?
reasonable
price or cost should be evaluated in SS procedures,
Source Selection in
even in event of trade off (is the Government willing
regards to price
to pay more for whatever the trade off is?)
What does the Technical evaluate hours, hourly wages for labor, materials, etc.
Team evaluate during SS (direct costs)
procedures?
The process of examining Price Analysis
and evaluating a
proposed price w/out
evaluating separate cost
elements and proposed
profit
shall be used when Price Analysis
certified cost or pricing
data are not required
shall be used when Cost Analysis
certified cost or pricing
data are required
Review and evaluation of Cost Analysis
any separate cost
elements and profit or fee
in an offeror's proposal;
focuses on independent
cost elements
Correct Answers
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Cost Realism
Choose an answer
1 What is the definition of Price?
Independently reviewing and evaluating specific elements of each proposed cost
2
estimate
any cost not directly identified with a single final cost objective, but identified with two
3
or more final cost objectives or with at least one intermediate cost objective
The process of examining and evaluating a proposed price w/out evaluating separate
4
cost elements and proposed profit
, Don't know?
Terms in this set (22)
What is the definition of cost plus any fee or profit
Price?
comes from reasonable sources, and is done
What is the Government's
independently and separately; must be fair and
Pricing Policy?
reasonable
price or cost should be evaluated in SS procedures,
Source Selection in
even in event of trade off (is the Government willing
regards to price
to pay more for whatever the trade off is?)
What does the Technical evaluate hours, hourly wages for labor, materials, etc.
Team evaluate during SS (direct costs)
procedures?
The process of examining Price Analysis
and evaluating a
proposed price w/out
evaluating separate cost
elements and proposed
profit
shall be used when Price Analysis
certified cost or pricing
data are not required
shall be used when Cost Analysis
certified cost or pricing
data are required
Review and evaluation of Cost Analysis
any separate cost
elements and profit or fee
in an offeror's proposal;
focuses on independent
cost elements
