Reasonableness of Noncompetitive Contract Prices Proposed and Negotiated for 1976 Deliveries of 111 TF-41 Engines

The primary objective of a review of noncompetitive contract prices was to determine whether the negotiated price was reasonable and based on cost and pricing data available to the contractor when the price was established. The government's evaluation of the contractor's proposal, the cost or pricing data submitted in support of proposed costs, the negotiation process and, on a selected basis, the cost incurred were examined.