If, before reaching agreement on price, the contracting officer learns that the certified cost or pricing data is inaccurate, incomplete, or noncurrent, what may the contractor do?

• A. The contractor may correct the deficiency for consideration
• B. The government may terminate the award
• C. The contractor must withdraw the bid
• D. The data cannot be corrected

Answer: (A)

When certified cost or pricing data are used and found to be inaccurate, incomplete, or noncurrent before finalizing the price, the contractor can cure the deficiency by submitting revised cost or pricing data. The government then considers this updated information and may adjust the price accordingly through negotiations. This approach keeps the negotiation based on accurate data and provides a fair opportunity to re-negotiate the price. Terminating the award, withdrawing the bid, or saying the data cannot be corrected don’t fit because the regulations allow and expect the deficiency to be corrected for consideration.