Utah Admin. Code R23-1-1204 - Requirements for Cost or Pricing Data
(1) For contracts that expressly allow price
adjustments, cost or pricing data shall be required in support of a proposal
leading to the adjustment of any contract pricing.
(2) Cost or pricing data exceptions:
(a) need not be submitted when the terms of
the contract state established market indices, catalog prices or other
benchmarks are used as the basis for contract price adjustments or when prices
are set by law or rule;
(b) if a
contractor submits a price adjustment higher than established market indices,
catalog prices or other benchmarks established in the contract, the director
may request additional cost or pricing data; or
(c) the director may waive the requirement
for cost or pricing data provided a written determination is made supporting
the reasons for the waiver. A copy of the determination shall be kept in the
contract file.
Notes
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