34 C.F.R. § 74.45 Cost and price analysis.
Title 34 - Education
Some form of cost or price analysis must 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. (Authority: 20 U.S.C. 1221e–3, 3474; OMB Circular A–110) [59 FR 34724, July 6, 1994, as amended at 60 FR 6660, Feb. 3, 1995]
Title 34: Education
PART 74—ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS
Subpart C—Post-Award Requirements
Procurement Standards
§ 74.45 Cost and price analysis.
