COST REIMBURSABLE/CPFF - U.S. Navy
COST REIMBURSABLE/CPFF - U.S. Navy
COST REIMBURSABLE/CPFF - U.S. Navy
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SOLICITATION NUMBER N00173-12-R-CB02<br />
PAGE 67<br />
Confidence<br />
No Confidence<br />
Unknown<br />
Confidence<br />
(Neutral)<br />
record, the Government has a low expectation that the<br />
offeror will successfully perform the required effort.<br />
Based on the offeror’s recent/relevant performance<br />
record, the Government has no expectation that the<br />
offeror will be able to successfully perform the required<br />
effort.<br />
No recent/relevant performance record is available or<br />
the offeror’s performance record is so sparse that no<br />
meaningful confidence assessment rating can be<br />
reasonably assigned.<br />
6. Evaluation of Cost Proposal<br />
Volume II of the proposal will be evaluated for cost realism, reasonableness, and completeness of<br />
the proposed contract Cost Plus Fixed Fee in accordance with FAR Part 15.404-1. Cost, while being<br />
an important factor, is not in and of itself the determining factor in the selection of successful offeror<br />
for award of the contract contemplated by this solicitation. The total evaluated amount of the<br />
proposed cost plus fixed fee, to include all options, will be used in determining best price.<br />
(a) Realism. The Government may adjust the proposed cost for purposes of evaluation based upon<br />
an evaluation of cost realism. Cost Realism means that the costs in an offeror's proposal are realistic<br />
for the work to be performed; reflect a clear understanding of the requirements; and are consistent<br />
with the various elements of the offeror's technical proposal. The cost realism evaluation includes an<br />
analysis of the adequacy of the hours, labor mix, and other direct costs to perform the work as<br />
proposed in the technical proposal as well as the proposed labor and indirect rates. It also includes<br />
evaluation of the likelihood that the risks inherent in the offeror's technical approach will result in<br />
higher actual costs than anticipated.<br />
(b) Completeness. Price proposals shall be evaluated for completeness by assessing the<br />
responsiveness of the proposed price, by assessing the level of detail of the offeror-provided cost<br />
data for all requirements in the Statement of Work (SOW) and assessing the traceability of<br />
estimates. For the cost data to be complete, the offeror, or its subcontractors, must provide all the<br />
data necessary to support the offer. The amount of data needed may vary depending on the<br />
requirements.