National RTAP has provided a spreadsheet for use to track labor, overhead and expenses for transit procurement projects. A "Cost Analysis" must be performed when a "Price Analysis" is not sufficient to determine the price to be fair and reasonable and for sole source procurements, including contract modifications or change orders. Project managers should retain a comprehensive collection of all supporting documentation in the procurement project file at all times.
Citation: National RTAP. Cost Analysis. 2013. http://nationalrtap.org/Resource-Library/Advanced-Search/?fid=417