[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1274.506]



[Page 482]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents

 

                  Subpart 1274.5_Procurement Standards

 

Sec. 1274.506  Cost and price analysis.



    Some form of cost or price analysis shall be made and documented in 

the procurement files in connection with every procurement action. Price 

analysis may be accomplished in various ways, including the comparison 

of price quotations submitted, market prices and similar indicies, 

together with discounts. Cost analysis is the review and evaluation of 

each element of cost to determine reasonableness, allocability and 

allowability.