Discuss the purpose of structured profit guidelines and FAR principles dealing with pricing determination.© BrainMass Inc. brainmass.com June 4, 2020, 4:31 am ad1c9bdddf
The set of guidelines under federal acquisition regulations is important to both make bidding equitable and fair, while holding costs to taxpayers in some format that can be used to lower the chance of overpricing by bidders.
The price structure allows for the companies bidding on work or to supply materials and equipment to the federal government to make a profit, ...
The solution provides a very brief explanation of the FAR principles and structures pricing. Reference included.