1642. SUBSTANTIATING OFFERED PRICES

1642 SUBSTANTIATING OFFERED PRICES 1642.1 The contracting officer shall select whatever price or cost analysis techniques will ensure a fair and reasonable price. 1642.2 The contracting officer may request factual information reasonably available to the offeror to substantiate that the price or cost offered, or some portion of it, is reasonable, if: The price is not: Based on adequate price competition; Based on an established catalogue or market prices; or Set by law or regulation; or (b) The price or cost exceeds an amount established by law or regulation. 1642.3 The offeror shall submit the requested factual information at the time and in the manner specified by the contracting officer. 1642.4 If an offeror refuses to supply the requested information, the contracting officer may disqualify the offeror, or delay the award pending further analysis. SOURCE: Final Rulemaking published at 60 DCR 1136 (February 1, 2013).