A certficate of Current Cost or Pricing dа ta: (A) Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections (B) Is required upon exercise of an option at the price established at contract award, regardless of dollar value (C) Is required for proposals in support of interim billing price adjustments valued in excess of $500,000 (D) Is no longer required

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Business

Aylin Stone

27 January, 19:23

A certficate of Current Cost or Pricing dа ta: (A) Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections (B) Is required upon exercise of an option at the price established at contract award, regardless of dollar value (C) Is required for proposals in support of interim billing price adjustments valued in excess of $500,000 (D) Is no longer required

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Layne Key · Answer 1

The correct answer is (A) Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections

Explanation:

As stated in the Federal Adquisition Regulation (FAR), Section 15.406-2, a Certificate of Current Cost or Pricing Data is only the estimated amount that was concluded on an analysis based on current information. The contractor certifies that the data used is correct and accurate, but that does not account for future costs or projections which can cause the amount to differ.