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Cost or Pricing - FAR 15.4 Correctly Answered Questions| UpToDate | Already Graded A+
- Exam (elaborations) • 10 pages • 2024
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Definition of Certified Cost or Pricing Data 
: All facts, that as of the date of price agreement, or if applicable, an earlier date 
agreed upon between the parties that's as close as practicable to the date of agreement 
on price, prudent buyers and sellers would reasonably expect to affect price 
negotiations significantly. Cost or pricing data are factual, not judgmental; and are 
verifiable. 
Pricing Policy 
: PCO shall purchase from responsible sources at fair and reasonable prices. ...
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