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What method should use to negotiate profit on a subsequent

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Reference no: EM132609985

Question 1: In DoD contracting, for a contact that was competitively awarded, what method should you use to negotiate profit on a subsequent contract modification that requires certified cost or pricing data?

a. Ask the contractor for certified cost or pricing data.

b. A structured approach, i.e. the weighted guidelines should be used.

c. Use the average profit negotiated by your agency for similar products, but never exceed 10%.

d. Use the contractor's proposed profit rate if the contractor's past performance rate is satisfactory.

Reference no: EM132609985

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