of all or specific cost elements of a bid or proposal
its level of cost realism
. This analysis
asks questions such as: (1) is the offer
based on realistic assumptions? (2) does it show sufficient understanding of the requirements? (3) are its various parts consistent
with one another? (4) is the cost/price data current
, reasonably accurate
, and verifiable? (5) does the whole thing make sense in view of the experience?