Which describes information other than cost or pricing data?

Which describes information other than cost or pricing data?

• A. Pricing data, cost data, and judgmental information that is not required to be certified and is necessary to determine price reasonableness or cost realism
• B. Only certified cost data
• C. Technical specifications
• D. Market impact statements

Answer: (A)

In negotiations under FAR Part 15, you can use information other than certified cost or pricing data to help determine price reasonableness or cost realism. That means non-certified inputs that still inform the price can be brought into the analysis. The option that describes this correctly includes pricing data, cost data, and judgmental information that is not required to be certified, all of which may be used to gauge reasonableness or realism without needing certification. This fits because the government isn’t limited to certified data alone; it can consider non-certified items as long as they’re relevant to evaluating the proposal. By contrast, focusing only on certified cost data ignores the broader set of information that can inform price analysis; technical specifications are about requirements rather than price analysis data, and market impact statements pertain to market conditions rather than the specific price reasonableness or cost realism assessment.

In negotiations under FAR Part 15, you can use information other than certified cost or pricing data to help determine price reasonableness or cost realism. That means non-certified inputs that still inform the price can be brought into the analysis. The option that describes this correctly includes pricing data, cost data, and judgmental information that is not required to be certified, all of which may be used to gauge reasonableness or realism without needing certification.

This fits because the government isn’t limited to certified data alone; it can consider non-certified items as long as they’re relevant to evaluating the proposal. By contrast, focusing only on certified cost data ignores the broader set of information that can inform price analysis; technical specifications are about requirements rather than price analysis data, and market impact statements pertain to market conditions rather than the specific price reasonableness or cost realism assessment.