"Certified Costs", assignment help

timer Asked: May 8th, 2016
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Question description

Imagine that a contracting office requests certified cost or pricing data related to your company, VectorCal. Speculate on what would happen to VectorCal in the long term if the cost or pricing data was defective or inaccurate. Provide a rationale for your response.

Predict the manner in which VectorCal would absorb the certified cost or pricing data expense based on the information presented in Chapter 5. From the e-Activity, present two to three (2-3) examples of instances where companies have absorbed the certified cost or pricing data expenses similarly to your prediction of VectorCal. Speculate on what the manner in which the existing companies absorbed the certified cost or pricing data expenses bodes for the future of VectorCal.

Tutor Answer

School: University of Maryland

After realising that the cost or pricing data presented by the contractor was inaccurate, the
government should do a price adjustment either by reducing price for defective cost or modify the
defective cost or pricing data. The company will use the cost or pricing data threshold agreed during
award. Bilateral contract modifications can be done on the dollar thresholds which do not change
automatically. The contracting officer will consider an offset if the contractor justifies beyond
reasonable doubt that to the best of his knowledge and belief they are entitled to an offset or if they
prove that the certified cost or pricing data were available before the “as of “date specified on the
certificate of current cost or pricing data but were not submitted. During this adjustment, the
company will be required to consider both increases and decreases.
To avoid such scenario in future, the company should consider contracting firms that are
certified by TINA that what they have disclosed are facts on their possessions which could affect

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