Revised 2-26-10Information-PricingandBudgetNarrative.pdf

The information submitted shall consist of data to permit the Contracting Officer and authorized representatives to determine price reasonableness or cost realism, e.g., information to support an analysis of material costs (when sufficient information on labor and overhead rates is already available), or information on prices and quantities at which the offeror has previously sold the same or similar items.

Any information submitted must support the price proposed. Include sufficient detail or cross references to clearly establish the relationship of the information provided to the price proposed.

Support any information provided by explanations or supporting rationale as needed to permit the Contracting Officer and authorized representative to evaluate the documentation.

Budget Narrative and Supporting Documentation

The Offeror shall provide a Budget Narrative at the level of detail set forth in the Pricing Schedules. Consistent with the Pricing Schedule, the Offeror’s Budget Narrative should explain the prices by phase of services. For the construction divisions (a through p) of the Pricing Schedules, Offerors should state the assumptions used and reference the appropriate sections of the drawings and specifications on which these assumptions are based.

The Government has indicated below the information to be covered in the budget narrative and the types of documentation required for the Government to make a determination of price reasonableness.

1. Labor: Labor is not required to be detailed and priced per position

2. Labor Burdens: Information on labor burden is not being requested at this time.

3. Construction Divisions (a through p) of Pricing Schedules: For the construction divisions (a through p) of the Pricing Schedules, Offerors should state the assumptions used and reference the appropriate sections of the drawings and specifications on which these assumptions are based.

4. CM Fees (Including bonds): Provide your assumptions for determining the CM Fees.

5. Liability Insurance: Please state the basis for liability insurance .

6. Overhead Burdens: Not requested at this time.

7. General & Administration: Not requested at this time.

8. Profit (Base and %): What is the basis for your proposed profit.

9. Buy-Out Contingency: Provide the rationale for the proposed buy-out contingency.

10. Construction Contingency: Provide the rationale for the proposed construction contingency.

11. Guaranteed Maximum Price: State the Offeror’s guaranteed maximum price (GMP). This will be the target GMP for award.

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