[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 32CFR32.45]



[Page 168]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 32_ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH 

INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT 

ORGANIZATIONS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  32.45  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 indicia, 

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

each element of cost to determine reasonableness, allocability and 

allowability.