How a business prices it's goods and services is key to the success of the business. For Government Contractors, this is critical as most Federal Government Contracts require the contracts to be priced per the Federal Acquisition Regulations (FAR) part 15.4. If the contract is for less than the simplified acquisition threshold (this is less than $700,000 per FAR 15.403-4) then certified cost and pricing data of FAR 15.4 doesn't apply. These are the criteria that are exempt from cost and pricing data:
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