The Price/Cost Volume presents the offeror’s pricing and cost basis in the required structure—often by Contract Line Item Number
(CLIN) and sub-CLIN. It should include assumptions, basis of estimate (BOE), labor categories and rates, materials, ODCs, travel,
and any subcontractor costs. In some acquisitions, cost realism analysis or certified cost or pricing data may apply. Price must
remain consistent with the Technical and Management Volumes; mismatches (e.g., insufficient hours to deliver the proposed solution)
can trigger realism concerns. Pricing spreadsheets should follow agency templates, formulas, and rounding instructions exactly.
Offerors should also address discounts, economic price adjustments, and escalation assumptions. Rigorous internal reviews help
prevent arithmetic or linkage errors that often drive evaluator questions.
- Procurement & RFP Basics
Price/Cost Volume
Proposal section detailing pricing, basis of estimate, and cost realism as required by the solicitation.
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Related Glossary Terms
Proposal section detailing pricing, basis of estimate, and cost realism as required by the solicitation.
Outcome-based scope that specifies results and performance standards rather than prescriptive tasks.