Price and Cost Realism Analysis Services

The Vendor is required to provide price and cost analysis and estimation services on an on-call basis.
- Requirement:
•    Perform a full range of detailed price and cost analyses of cost elements and overhead rates to assist in ensuring fair, reasonable, and realistic prices for foothill transit contracts. 
•    Analyze potential contract billing rates and cost proposals for reasonableness, realism, allowability, and allocability of costs. 
•    Review in detail significant direct and indirect cost elements. 
•    Analyze data and supplier price to determine and document fair, reasonable, and realistic pricing as well as compliance with applicable pricing regulations. 
•    Conduct fact-finding as needed to review bases for estimates and source documentation verifying proposed cost estimates.
•    Review technical analyses and audit reports to assist in the evaluation of price and cost reasonableness and realism. 
•    Utilize industry techniques and practices to establish fair and reasonable pricing positions and ranges. 
•    Provide independent cost estimates, price analyses, and cost analyses; analyze the cost impact of contract change orders, amendments and execution of options. 
•    Review contractor requested contract modifications. 
•    Perform other related tasks as appropriate.