RIX Industries Flow Downs

2

Description:

COST OR PRICING DATA REQUIREMENT

Clause:

(FAR CONTRACTS) IF SELLER'S PROPOSAL IS IN EXCESS OF $100,000, IT IS SUBJECT TO THE REQUIREMENTS OF THE FEDERAL ACQUISITION REGULATION (FAR) 15-804-2. THE REQUIREMENTS LISTED BELOW ARE MANDATORY. SELLER SHALL SUBMIT COST OR PRICING DATA, INCLUDING SUPPORTING DOCUMENTATION, WITH HIS PROPOSAL. THE USE OF SF 1411 (CONTRACT PRICING PROPOSAL COVER SHEET) IS PREFERRED; HOWEVER, IF THE SELLER'S PROPOSAL IS NOT IN EXCESS OF $100,000, COST DATA MAY BE SUBMITTED IN THE SELLER'S COMPANY FORMAT. IF SF 1411 IS REQUIRED, IT MUST BE COMPLETED IN ACCORDANCE WITH THE INSTRUCTIONS IN FAR TABLE 15-2. IN ADDITION, SELLER IS REQUIRED TO OBTAIN AND SUPPLY WITH HIS SUBMITTAL, SF 1411 FROM PROSPECTIVE LOWER-TIER SUBCONTRACTORS WHOSE SUBCONTRACTS WILL BE IN EXCESS OF $100,000 WHERE SUCH PROSPECTIVE SUBCONTRACTOR QUOTATIONS WERE NOT OBTAINED ON THE BASIS OF: (A) ADEQUATE PRICE COMPETITION; (B) ESTABLISHED CATALOG OR MARKET PRICES OF COMMERCIAL ITEMS SOLD IN SUBSTANTIAL QUANTITIES TO THE GENERAL PUBLIC; OR (C) PRICES SET BY LAW OR REGULATION. SELLER WILL BE REQUIRED TO EXECUTE A CERTIFICATE OF CURRENT COST OR PRICING DATA, IN THE FORM PRESCRIBED IN FAR 15-804-4(A) AT THE TIME OF AGREEMENT ON PRICE IF THE REQUEST FOR QUOTATION RESULTS IN A PURCHASE ORDER. LOWER-TIER SUBCONTRACTOR'S COST AND PRICING DATA, WHEN REQUIRED, SHOULD BE ACCURATE, CURRENT, AND COMPLETE AS OF THE DATE OF PRICE AGREEMENT AS SPECIFIED IN THE SELLER'S CERTIFICATE.