Utah Administrative Code (Current through November 1, 2019) |
R277. Education, Administration |
R277-122. Board of Education Procurement |
R277-122-11. Requirements for Cost or Pricing Data
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(1) If cost or pricing data is required by Section 63G-6a-1206 or Section R33-12-601, the head of the procurement unit shall require the person who seeks a cost-based contract to submit:
(a) factual and verifiable information related to the contractor's estimated cost for completing a project on:
(i) the date the contract is signed by both parties; or
(ii) an earlier date agreed to by both parties that is:
(A) as close as practicable to the date described in Subsection (1)(a)(i); and
(B) before prudent buyers and sellers would reasonably expect price negotiations to be affected significantly; and
(b) underlying data related to a contractor's estimate that can be reasonably expected to contribute to the soundness of estimates of future costs and the validity of determinations of costs already incurred, including:
(i) vendor quotations;
(ii) nonrecurring costs;
(iii) information on changes in production methods and in production or purchasing volume;
(iv) data supporting projections of business prospects and objectives and related operations costs;
(v) unit-cost trends such as those associated with labor efficiency;
(vi) make-or-buy decisions;
(vii) estimated resources to attain business goals; or
(viii) information on management decisions that could have a significant bearing on costs.
(2) Submission of certified cost or pricing data applies to contracts of $50,000.00 or greater if the contract price is not established by:
(a) adequate price competition;
(b) established catalogue or market prices; or
(c) law or regulation.