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How much time should I spend analyzing the subcontract cost or price?

April 26, 2017analyzing COST price spend subcontract time

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How much time should I spend analyzing the subcontract cost or price?

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Time spent on cost or price analysis should be proportional to the dollar amount of the subcontract. The most time should be spent analyzing the larger dollar items, especially those items whose validity may be in doubt. Emphasis should be on the need and reasonableness of the cost.