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Price and Cost Analysis: Document your Contract Files & Impress the Auditors Breakout Session # D09 Jo Cunningham, CFCM, Fellow, C.P.M. Prime Contract Administrator, Sandra National Laboratories July

How to fill out price and cost analysis

How to fill out price and cost analysis

1. Step 1: Gather all the necessary information such as the price of all raw materials or products involved in the analysis.
2. Step 2: Determine the quantity of each raw material or product that will be used in the analysis.
3. Step 3: Calculate the total cost of each raw material or product by multiplying its price with the quantity used.
4. Step 4: Sum up the costs of all raw materials or products to obtain the total cost of the analysis.
5. Step 5: Calculate the price of the analysis by adding a desired profit margin to the total cost.
6. Step 6: Consider any additional costs or expenses such as labor, overhead, or transportation that should be included in the analysis.
7. Step 7: Double-check all calculations and ensure that the analysis accurately reflects the actual costs and prices involved.
8. Step 8: Present the finalized price and cost analysis in a clear and organized format.
9. Step 9: Review and update the analysis periodically to account for any changes in prices or costs.

Who needs price and cost analysis?

1. Businesses and organizations involved in manufacturing and production
2. Retailers and wholesalers
3. Consultants and financial analysts
4. Government agencies and regulatory bodies
5. Investors and stakeholders
6. Startups and entrepreneurs
7. Procurement and supply chain professionals
8. Project managers
9. Cost accountants and financial controllers

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What is price and cost analysis?

Price and cost analysis is a process used to evaluate the pricing and cost elements of a product or service to determine its reasonableness and competitiveness.

Who is required to file price and cost analysis?

Government agencies and organizations that are involved in procurement activities are typically required to file price and cost analysis.

How to fill out price and cost analysis?

To fill out a price and cost analysis, gather relevant pricing and cost data, analyze the data to evaluate reasonableness, and document the analysis findings.

What is the purpose of price and cost analysis?

The purpose of price and cost analysis is to ensure that the prices and costs associated with a product or service are fair, reasonable, and competitive.

What information must be reported on price and cost analysis?

Information such as pricing data, cost breakdowns, market analysis, and justification for pricing decisions must be reported on price and cost analysis.