Common use of COST CLARIFICATION Clause in Contracts

COST CLARIFICATION. The State reserves the right to review all aspects of cost for reasonableness and to request clarification of any bid where the price bid shows significant and unsupported exceptions from industry standards or in areas where detailed pricing is required.

COST CLARIFICATION. ‌ The State reserves the right to review all aspects of cost for reasonableness and to request clarification of any bid proposal where the price bid cost component shows significant and unsupported exceptions deviation from industry standards or in areas where detailed pricing is required.