Utah Admin. Code 23-1-1206

Current through Bulletin No. 2024-21, November 1, 2024

Section R23-1-1206 - Cost Analysis

Cost analysis includes the verification of cost data. Cost analysis may be used to evaluate:

(1) specific elements of costs;

(2) total cost of ownership and life-cycle cost;

(3) supplemental cost schedules;

(4) market basket cost of similar items;

(5) the necessity for certain costs;

(6) the reasonableness of allowances for contingencies;

(7) the basis used for allocation of indirect costs; and

(8) the reasonableness of the total cost or price.

Utah Admin. Code R23-1-1206

Adopted by Utah State Bulletin Number 2015-7, effective 3/3/2015

Amended by Utah State Bulletin Number 2022-06, effective 2/24/2022

Amended by Utah State Bulletin Number 2023-04, effective 2/8/2023