Code of Colorado Regulations
100 - Department of Personnel and Administration
101 - Division of Finance and Procurement
1 CCR 101-9 - PROCUREMENT RULES
Article 103 - SOURCE SELECTION AND CONTRACT FORMATION
Part 4 - QUALIFICATIONS AND DUTIES
Section R-24-103-403-01 - Cost or Pricing Data Definitions

Universal Citation: 100 CO Code Regs R-24-103-403-01

Current through Register Vol. 47, No. 17, September 10, 2024

(a) "Cost data" is factual information concerning the cost of labor, material, overhead, and other cost elements which are expected to be incurred or which have been actually incurred by the contractor in performing the contract.

(b) "Pricing data" is factual information concerning prices for supplies, services, or construction substantially identical to those being procured. Prices in this definition refer to offered or proposed selling prices, historical selling prices, and current selling prices of such supplies, services or construction. The definition refers to data relevant to both prime and subcontract prices.

(c) "Adequate competition" exists if a solicitation has been conducted and at least two responsible and responsive offerors have independently competed to provide the state's needed supplies or services. If the foregoing conditions are met, competition shall be presumed to be "adequate" unless the procurement official or his or her designee determines, in writing that such competition is not adequate.

Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.