If after award, certified data are found inaccurate, incomplete, or noncurrent as of the date of final agreement on price, the Government is entitled to:

• A. The Government is entitled to a price adjustment, including profit or fee, for any amount increased due to defective data
• B. Criminal charges may be filed
• C. No remedy
• D. A formal rebid is required

Answer: (D)

The main concept here is defective pricing under the Truth in Negotiations Act. When certified data used to establish the final price are later found to be inaccurate, incomplete, or not current, the government has a contractual remedy to bring the price in line with the true costs. The government is entitled to a price adjustment that reduces the contract price to reflect the corrected data, and this adjustment can include recovering profit or fee that was earned based on the inflated amount. This is a contractual remedy, not a criminal matter, and it does not automatically require a formal rebid. A rebid would only occur if the agency chooses to reprocure rather than amend the current contract.