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FAR 15.403-4 shows the rules for when businesses must give details about costs when working with the government. It helps make sure prices are fair and clear.
FAR 15.403-4 tells us when you must give certified cost or pricing data. This means if a contract is over a certain dollar amount, you must show real numbers to prove your price is fair. It's like showing your math homework—you need to prove how you got your answer. This helps the government trust your price and follow the law. This rule matters in government contracts, pricing policy, and program management decisions.
FAR 15.403-4 tells when you must give certified cost or pricing data to the government. This happens when a contract is over a certain dollar amount. It helps the government make sure the price is fair. It’s like showing your math on a test—you prove how you got your number.
A common mistake with FAR 15.403-4 is not checking if the contract amount requires certified cost or pricing data. Some people forget the threshold changed—now it’s $2 million, not $750,000. Others skip getting a certificate when it’s needed or ask for one when it’s not. This can cause delays or legal problems later. Always double-check the rules based on contract value and type. Being careful here helps avoid mistakes and keeps things running smoothly.
<a href="https://learn.cradle2contract.com/made-simple/far-15-403-cost-realism-analysis">FAR 15.403 – Cost Realism Analysis</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-15-404-profit">FAR 15.404 – Profit</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-15-405-price-negotiation">FAR 15.405 – Price Negotiation</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-15-406-documentation-requirements">FAR 15.406 – Documentation Requirements</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-15-407-special-cost-considerations">FAR 15.407 – Special Cost Considerations</a><br>