R23-1-1206. Cost Analysis

Cost analysis includes the verification of cost data. Cost analysis may be used to evaluate: (1) specific elements of costs; (2) total cost of ownership and life-cycle cost; (3) supplemental cost schedules; (4) market basket cost of similar items; (5) the necessity for certain costs; (6) the reasonableness of allowances for contingencies; (7) the basis used for allocation of indirect costs; and (8) the reasonableness of the total cost or price.