A community resource for the acquisition workforce — not a .gov website
part52.dev Federal Acquisition Clause Monitor

PGI 215.371-3: Fair and reasonable price and the requirement for additional cost or pricing data.

PGI › Part 215 › PGI 215.371-3

This PGI section supplements: DFARS 215.371-3 · FAR 15.371-3
The corresponding FAR Part 15 and DFARS Part 215 have been overhauled under the RFO. PGI replacement text is provided in the RFO deviation attachment. View FAR Part 15

Current Content

For acquisitions that exceed the simplified acquisition threshold, if only one offer is received when competitive procedures were used and it is not necessary to resolicit in accordance with 215.371-2 (a), then the contracting officer shall comply with the following:

(a) If no additional cost or pricing data are required to determine through cost or price analysis that the offered price is fair and reasonable, the contracting officer shall require that any cost or pricing data provided in the proposal be certified if the acquisition exceeds the certified cost or pricing data threshold and an exception to the requirement for certified cost or pricing data at FAR 15.403-1(b)(2) through (5) does not apply.

(b) Otherwise, the contracting officer shall obtain additional cost or pricing data to determine a fair and reasonable price. If the acquisition exceeds the certified cost or pricing data threshold and an exception to the requirement for certified cost or pricing data at FAR 15.403-1(b)(2) through (5) does not apply, the cost or pricing data shall be certified.

(c) If the contracting officer is still unable to determine that the offered price is fair and reasonable, the contracting officer shall enter into negotiations with the offeror to establish a fair and reasonable price. The negotiated price should not exceed the offered price.

(d) If the contracting officer is unable to negotiate a fair and reasonable price, see FAR 15.405(d).

Sources: Search on acquisition.gov · View on acq.osd.mil