52.215-2 Audit and Records—Negotiation

Applicability: This FAR solicitation provision, which is incorporated into the contract and thus becomes a clause, is included in all solicitations and contracts unless the contract is  (a) at or below the simplified acquisition threshold, (b) for utility services at rates established by the general public plus a reasonable connection charge, and/or (c) for the acquisition of commercial items when such acquisitions are exempt from the requirements to submit certified cost or pricing data.  For cost-reimbursement contracts with State and local Governments, educational institutions, and other nonprofit organizations, the clause is included with its Alternate II.   Key Requirements: From a proposal standpoint, when the offeror is required to submit certified cost or pricing data in connection with any pricing action relating to the contract, the contracting officer … Continue reading