Louisiana § RS 39:1608 - Cost or pricing data
Full text of Louisiana Louisiana Civil Code § RS 39:1608 — Cost or pricing data, with citation guidance and answers to common questions.
§ RS 39:1608. Cost or pricing data
A. Contractor certification. A contractor shall submit cost or pricing data and shall certify that, to the best of its knowledge and belief, the cost or pricing data submitted was accurate, complete, and current as of a mutually determined specified date prior to the date of:
(1) Pricing of any contract awarded by other than competitive sealed bidding, as provided in R.S. 39:1594, or small purchase procedures, as provided in R.S. 39:1596, where the total contract price is expected to exceed an amount established by regulations; or
(2) Pricing of any change order or contract modification which is expected to exceed an amount established by regulations.
B. Price adjustment. Any contract, change order, or contract modification under which a certificate is required shall contain a provision that the price to the state, including profit or fee, shall be adjusted to exclude any significant sums by which the procurement officer finds that such price was increased because the contractor-furnished cost or pricing data was inaccurate, incomplete, or not current as of the date agreed upon between the parties.
C. Cost or pricing data not required. The requirements of this Section need not be applied to contracts:
(1) Where the contract price is based on adequate price competition.
(2) Where the contract price is based on an established catalog price or market prices established by an analysis of commercial items sold to the general public.
(3) Where contract prices are set by law or regulation.
(4) In exceptional cases where it is determined in writing in accordance with regulations that the requirements of this Section may be waived, and the reasons for such waiver are stated in writing.
Acts 2008, No. 598, §2, eff. July 1, 2008; Acts 2009, No. 433, §2; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.
Frequently Asked Questions About Louisiana § RS 39:1608
What does Louisiana Civil Code § RS 39:1608 cover?
Section RS 39:1608 ("Cost or pricing data") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 39:1608?
A common citation format is "Louisiana Civil Code § RS 39:1608" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 39:1608 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.