Defense Federal Acquisiton Regulation Supplement (DFARS) Subpart 215.4, Contract Pricing, and Related Clauses at DFARS 252.215

Defense Federal Acquisition Regulation Supplement (DFARS) clause 252.215-7002, Cost Estimating System Requirements, includes the following information collection requirements, which are necessary to evaluate and monitor contractor cost estimating systems; however, the need for information collection decreases as contractor estimating systems improve and gain contracting officer approval: i. Paragraph (d)(1) requires the contractor to establish an adequate estimating system, disclose such estimating systems to the ACO, in writing; ii. Paragraph (d)(3)(ii) requires the contractor to disclose significant changes to the cost estimating system to the ACO on a timely basis; iii. Paragraph (e)(2) requires the contractor to respond within 30 days to the contracting officer’s written initial determination that identifies significant deficiencies in the contractor’s estimating system; and iv. Paragraph (f) requires the contractor to respond within 45 days to the contracting officer’s final determination of significant deficiencies, and either correct the significant deficiencies or submit an acceptable corrective action plan showing milestones and actions to eliminate the deficiencies.

The latest form for Defense Federal Acquisiton Regulation Supplement (DFARS) Subpart 215.4, Contract Pricing, and Related Clauses at DFARS 252.215 expires 2023-07-31 and can be found here.