§ 534. Cost or pricing data
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 62 Pa.C.S.A. Procurement
62 Pa.C.S.A. § 534
§ 534. Cost or pricing data
(a) Submission by contractor.--A contractor shall, except as provided in subsection (c), submit cost or pricing data and shall certify that, to the best of its knowledge and belief, the cost or pricing data submitted was accurate, complete and current as of a mutually determined specified date prior to the date of:
(b) Price adjustment.--Any contract, change order or contract modification under which a certificate is required shall contain a provision that the price to the purchasing agency, including profit or fee, shall be adjusted to exclude any significant sums by which the purchasing agency finds that the price was increased because the cost or pricing data furnished by the contractor was inaccurate, incomplete or not current as of the date agreed upon between the parties.
Credits
1998, May 15, P.L. 358, No. 57, § 1, effective in 180 days.
62 Pa.C.S.A. § 534, PA ST 62 Pa.C.S.A. § 534
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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