[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR74.45]



[Page 122]

 

                           TITLE 34--EDUCATION

 

PART 74_ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF 

HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS--Table 

of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  74.45  Cost and price analysis.



    Some form of cost or price analysis must 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.



(Approved by the Office of Management and Budget under control number 

1880-0513)



(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)



[59 FR 34724, July 6, 1994, as amended at 60 FR 6660, Feb. 3, 1995]