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FAR 15.407-1 is the rule that tells how to fix contract prices if they were not fair or correct. It helps keep costs right for everyone.
FAR 15.407-1 is about spotting and stopping risky pricing tricks, like when companies work together secretly to raise prices. It helps the government watch for unfair deals during contract talks. If something looks wrong, the Contracting Officer must report it to keep things fair and protect tax dollars.
FAR 15.407-1 talks about how the government watches out for bad pricing tricks, like when a company makes prices look cheaper than they really are. It helps make sure offers are honest and fair. If someone tries to mislead with pricing, the government can take action. This rule protects taxpayer money and keeps the buying process fair.
Many people misunderstand FAR 15.407-1 by skipping steps meant to spot unbalanced pricing. One common mistake is not checking if a bid looks too high or too low in certain areas. Another is ignoring cost shifts that could hide risks. Some just accept prices without asking why they vary. These mistakes can lead to paying too much or hiring the wrong team. Taking time to do a proper price analysis helps avoid problems and gets better results for the government.
<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-15-408-price-analysis-techniques">FAR 15.408 – Price Analysis Techniques</a><br>