Part A – Price Narrative. The Offeror shall describe their methodology used to establish their price. The Offeror shall provide information describing and detailing the evaluation it performed to determine the reasonableness of prices on hourly labor rates. The price narrative shall provide whatever information is necessary to help the Government understand why the proposed prices are reasonable. Each Offeror's price proposal shall contain sufficient quantitative and narrative documentation necessary to adequately support and explain the prices proposed. This analysis shall be provided to the KO and may be submitted in accordance with the Offeror’s internal accounting procedures; there is no specified format.
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Sources: Solicitation, Offer and Award, Contract