Using cost realism to improve the source selection process
Hall, William E.
Guyer, Dean C.
Greer, Willis R., Jr.
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The source selection decision in a competitively negotiated acquisition is very difficult. Cost realism is one evaluation factor that may be used to assist in making the source selection decision. In this study the concept of cost realism and feasible methodologies for achieving it are investigated. The role of cost realism in the source selection plan and the source selection process is identified and defined. Specific cost realism issues are reviewed and discussed. Cost realism utilization in the Department of the Navy is investigated. The study concludes that cost realism provides useful assistance in making the source selection decision.
RightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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