Cost or Pricing Study guides, Class notes & Summaries

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. ...