C.F.R. » Title 41 » CHAPTER 105—GENERAL SERVICES ADMINISTRATION › PART 105-72—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS › Subpart 105-72.50—Post-Award Requirements/Procurement Standards

41 C.F.R. § 105-72.505

Cost and price analysis

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Some form of cost or price analysis shall be made and documented in the procurement files in connection with every procurement action. Price analysis may be accomplished in various ways, including the comparison of price quotations submitted, market prices and similar indicia, together with discounts. Cost analysis is the review and evaluation of each element of cost to determine reasonableness, allocability and allowability.