What does FAR Table 15-2 provide?

FAR Table 15-2 specifically provides guidance on pricing proposals, detailing the specific information that contracting officers require to assess and evaluate any pricing submitted by contractors in response to solicitations. The table outlines the required data elements, the format for presenting cost or pricing information, and various methodologies for pricing proposals, thereby ensuring consistency and comprehensiveness in proposals across different contracts.

Having this comprehensive guidance supports contracting officers in making informed decisions based on the proposals evaluated, leading to fair and equitable pricing in federal procurements. This foundational pricing information is crucial for establishing transparency in the procurement process and aids in the proper assessment of both cost realism and reasonableness, which is vital in contract negotiations and awarding contracts.