Section 3-122-123 - Requirement for cost or pricing data The procurement officer shall require cost or pricing data or both in support of the following, and may require for professional services pursuant to subchapter 7:
(1) Any contract, resulting from competitive sealed proposals or sole source procurement, expected to exceed $100,000;(2) Any price adjustment to a contract involving aggregate increases and decreases in costs plus applicable profits expected to exceed $100,000, including a contract resulting from competitive sealed bidding, whether or not cost or pricing data were required in connection with the initial pricing of the contract, except when unrelated and separately priced adjustments, not requiring cost or pricing data if considered separately, are consolidated for administrative convenience; or(3) A written determination by a procurement officer that the circumstances warrant requiring submission of cost or pricing data provided, however, when less than complete cost analysis, for example; analysis of only specific factors will provide a reasonable pricing result on awards under $100,000 without the submission of complete cost or pricing data, the procurement officer shall request only that data considered adequate to support the limited extent of the cost analysis needed and need not require certification.[Eff 12/15/95; comp 11/17/97; am and comp MAR 21 2008] (Auth: HRS § 103D-202) (Imp: HRS § 103D-312)