Per FAR 2.101 and 15.404-1(d) and Contract Pricing Reference Guides
(CPRG), Volume 4, Chapter 8, Paragraph 8.1, cost realism analysis is "the process of independently reviewing and evaluating specific elements of each offeror's proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; reflect a clear understanding of contract requirements; and are consistent with the unique methods of performances and materials described in the offeror's technical proposal."
Instead, the DOD plans to incorporate the GAO's guidance in its Contract Pricing Reference Guides
. The GAO, however, still believed that incorporating the guidance into the FAR "would help clarify the regulation" and is appropriate because the FAR "is the definitive source for contract management." (12)
DAU went on to Web-enable essential acquisition guidebooks and charts, including the Program Manager's e-Tool Kit, the Defense Acquisition Guidebook, the Integrated Defense AT&L Life Cycle Management Chart, and the Contract Pricing Reference Guides
soon to be launched.