Section 13-220 - Cost and price information(a) In this section, "established catalog price" means the price included in the most current catalog, price list, schedule, or other form that: (1) is regularly maintained by the manufacturer or supplier of an item;(2) is published or available for inspection by customers; and(3) states: (i) prices at which sales are currently or were last made to the general buying public; or(ii) discounted prices at which sales are currently or were last made to local, State, or federal governmental units.(b) This section applies to all procurements by units except: (1) a procurement for which the price will be established by competitive sealed bidding; or(2) a lease of real property or an amendment to a lease of real property.(c) An offeror or contractor shall submit cost and price information for a procurement contract, change order, or contract modification if the price:(1) is expected to exceed $100,000 or a smaller amount set by the procurement officer; and(2) is not: (i) based on adequate price competition;(ii) based on the established catalog or market price of commercial items sold in substantial quantities to a significant number of buyers; or(d) An offeror or contractor required to submit cost and price information shall certify that, to the best knowledge of the offeror or contractor, the information is: (3) current as of a specific date that: (i) has been determined by the procurement officer and the offeror or contractor; and(ii) occurs before the conclusion of price discussions.(e) Each procurement contract, change order, or contract modification for which a cost and price certificate is required shall contain a provision that the price, including profit or fee, shall be reduced to exclude any significant price increases in a component that result because the contractor provided cost or price information that, as of the date specified under subsection (d)(3) of this section, was inaccurate, incomplete, or not current.