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FAR 15.305Proposal Evaluation (Techniques)
1. Technical Analysis
2. Cost or price analysis
3. Past Performance
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Proposal Evaluation an assessment of the proposal and the offeror's ability to perform the prospective contract successfully.
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Price cost plus any fee or profit applicable to the contract type
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Who Performs technical analysis subject matter experts (SME) or DCMA: says anyone who has specialized knowledge of product or service.
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Why Proposal Analysis to ensure that the final agreed-to price is fair and reasonable
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Fair and Reasonable Price
Price a prudent and competent buyer would pay in a similar business situation
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Price Analysis the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. WHEN CERTIFIED COST IS NOT REQUIRED.
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Cost analysis review and evaluation of any of the separate cost elements and profit or fee in an offeror's or contractor's proposal as needed to determine a fair and reasonable price or to determine cost realism.USED WHEN CERTIFED COST IS REQUIRED.
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Cost Realism Analysis the process of independently reviewing and evaluating SPECIFIC ELEMENTS of each offeror's proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; SHALL be performed on COST REIMBURSEMENT MAY be performed FIXED PRICE INCENTIVE CONTRACTS. or Fixed Price contracts when contracts with new requirements may not be fully understood by competitive offerors (quality, past performance, or contractors proposed cost have resulted in quality or service shortfall.
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Technical Analysis contracting officer should request that personnel having specialized knowledge, skills, experience, or capability in engineering, science, or management perform a technical analysis of the proposed types and:
1.

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