Cost Analysis

Cost Analysis
"Legal Lexicon":
COST ANALYSIS - The review and evaluation of the separate cost elements and proposed profit of (a) an offeror's or contractor's cost or pricing data and (b) the judgmental factors applied in projecting from the data to the estimated costs in order to form an opinion on the degree to which the proposed costs represent what the cost of the contract should be, assuming reasonable economy and efficiency.

English-Chinese law dictionary (法律英汉双解大词典). 2013.

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