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	  <concept id="GSAM_536_203"
            audience="GSAM"
            ditaarch:DITAArchVersion="1.2"
            class="- topic/topic concept/concept ">
		    <title class="- topic/title ">
         <ph class="- topic/ph " props="autonumber">536.203</ph> Government estimate of construction cost.</title>
		    <conbody class="- topic/body  concept/conbody ">
			      <ol id="d617e13" class="- topic/ol ">
				        <li class="- topic/li ">
					          <p id="d611e17" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(a)</ph>  <i class="+ topic/ph hi-d/i ">Preparation
of the Government Estimate</i>.</p>
					          <ol class="- topic/ol ">
						            <li class="- topic/li ">
							              <p id="id201HA2000XD" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>  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.</p>
						            </li>
						            <li class="- topic/li ">
							              <p id="d611e32" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>  Before
releasing a solicitation amendment that may affect price, a revised
Government estimate shall be provided.</p>
						            </li>
					          </ol>
				        </li>
				        <li id="i1880273" class="- topic/li ">
					          <p id="id201HA10G0AF" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(b)</ph>  <i class="+ topic/ph hi-d/i ">Release
of the Government Estimate</i>.</p>
					          <ol class="- topic/ol ">
						            <li class="- topic/li ">
							              <p id="id201HA200BJ2" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>  Prior to award, the Government
may disclose budget (<i class="+ topic/ph hi-d/i ">e.g.</i> prospectus) information in addition
to the information required under <xref href="https://www.acquisition.gov/content/36204-disclosure-magnitude-construction-projects"
                              format="html"
                              scope="external"
                              class="- topic/xref ">FAR 36.204</xref> and
GSAM <xref href="536.204.dita#GSAM_536_204"
                              outputclass="fm:ParaNumOnly"
                              class="- topic/xref ">536.204</xref>.</p>
						            </li>
						            <li class="- topic/li ">
							              <p id="id201HA200Z1U" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph> 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 <xref outputclass="fm:ParaNumOnly"
                              class="- topic/xref "
                              base="id201HH0OC02D"
                              href="536.7103.dita#GSAM_536_7103">536.7103</xref>(c) and <xref href="https://www.acquisition.gov/content/15306-exchanges-offerors-after-receipt-proposals"
                              format="html"
                              scope="external"
                              class="- topic/xref ">FAR 15.306</xref>(e)(3)).</p>
						            </li>
						            <li class="- topic/li ">
							              <p id="id201HA20109R" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(3)</ph>  Prior
to award and during negotiations, the overall amount of the independent
Government estimated price may not be disclosed.</p>
						            </li>
					          </ol>
				        </li>
				        <li class="- topic/li ">
					          <p class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(c)</ph>  <i class="+ topic/ph hi-d/i ">Use of the
Government estimate.</i> 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.</p>
				        </li>
			      </ol>
		    </conbody>
	  </concept>
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