536.203 Government estimate of construction cost.
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(a) Preparation of the Government Estimate.
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(1) A copy of the independent Government estimate shall be submitted to the contracting officer before the date and time for bid opening or the date for receipt of proposals.
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(2) Before releasing a solicitation amendment that may affect price, a revised Government estimate shall be provided.
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(b) Release of the Government Estimate.
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(1) Prior to award, the Government may disclose budget (e.g. prospectus) information in addition to the information required under FAR 36.204 and GSAM 536.204.
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(2) During negotiations, the Government may disclose specific cost figures, but only to the extent considered necessary for arriving at a fair and reasonable price (also see 536.7103(c) and FAR 15.306(e)(3)).
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(3) Prior to award and during negotiations, the overall amount of the independent Government estimated price may not be disclosed.
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(c) Use of the Government estimate. The contracting officer may use the Government estimate. to evaluate offers, as a guide in conducting contract negotiations or negotiations of contract modifications, and as a tool for determining the reasonableness or realism of prices.