For acquisitions at or below the SAT, cost or pricing data shall not be obtained.

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Study for the FAR Part 15 Contracting by Negotiation Test. This quiz covers key concepts of federal contracting procedures, including negotiation strategies and proposal evaluation. Arm yourself with hints and explanations to boost your exam readiness!

Multiple Choice

For acquisitions at or below the SAT, cost or pricing data shall not be obtained.

Explanation:
For acquisitions at or below the Simplified Acquisition Threshold, cost or pricing data are not required. The government uses price analysis and competition to judge price reasonableness rather than demanding certified cost or pricing data. The Truth in Negotiations Act requirements for cost or pricing data apply to negotiated procurements above the SAT, with possible exceptions, not to those at or below it. So the statement is true.

For acquisitions at or below the Simplified Acquisition Threshold, cost or pricing data are not required. The government uses price analysis and competition to judge price reasonableness rather than demanding certified cost or pricing data. The Truth in Negotiations Act requirements for cost or pricing data apply to negotiated procurements above the SAT, with possible exceptions, not to those at or below it. So the statement is true.

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