Section 550.311  Cost Principles and Considerations

a)         The Agency shall conduct a cost analysis of all negotiated change orders and all negotiated contracts estimated to exceed $10,000.

b)         The Agency shall conduct a price analysis of all formally advertised procurements under Section 550.330 estimated to exceed $10,000 if there are fewer than three bidders.

c)         For negotiated procurement under Section 550.340 contractors and subcontractors shall submit to the Agency cost or pricing data in support of their proposals.

d)         In determining allowable costs the Agency shall comply with 40 CFR 33.275(a).

e)         The cost-plus-percentage-of cost (e.g., a multiplier which includes profit) and the percentage of construction cost types of contracts shall not be used.