Imagine that a contracting office requests certified cost or pricing data relate
ID: 2781082 • Letter: I
Question
Imagine that a contracting office requests certified cost or pricing data related to your company, VectorCal. Speculate on what would happen to VectorCal in the long term if the cost or pricing data was defective or inaccurate. Provide a rationale for your response. Predict the manner in which VectorCal would absorb the certified cost or pricing data expense based on the information presented in Chapter 5. From the e-Activity, present two to three (2-3) examples of instances where companies have absorbed the certified cost or pricing data expenses similarly to your prediction of VectorCal. Speculate on what the manner in which the existing companies absorbed the certified cost or pricing data expenses bodes for the future of VectorCal.
Explanation / Answer
Imagine that a contracting office requests certified cost or pricing data related to your company, VectorCal. Speculate on what would happen to VectorCal in the long term if the cost or pricing data was defective or inaccurate. Provide a rationale for your response.
If the defective data is detected prior to an agreement on price, it must be pointed out,whether or not the correction of the data would increase or decrease the price.If the data is determined after the contract award that the data was defective at the date of final cost agreement, the government is entitled to a downward price adjustment, including profit, for significant overpricing caused by the defective data.The government could also renegotiate the data.
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