What is a potential consequence of incorrect cost or pricing data according to the Certificate?

The correct answer indicates that if incorrect cost or pricing data is provided, the government has the prerogative to request a price reduction. This consequence stems from the principle that contracts must be based on accurate and truthful representations of costs. When a contractor submits pricing that inaccurately reflects their costs, it subsequently impacts the fairness and integrity of the procurement process.

The government relies on this data to negotiate fair prices; therefore, if discrepancies are discovered, they have a clear avenue for addressing these inaccuracies. By requesting a price reduction, the government aims to ensure that the taxpayer is not overpaying for goods or services, aligning with the principle of obtaining the best value for public funds.

In contrast, while other options might seem plausible, they do not directly connect to the contractual remedies typically cited in federal contracting. Imposing a legal fine or declaring a contract void suggests a more severe legal repercussion, which is not the primary focus in this context. Denying future contracts could relate to a contractor's overall reliability or integrity but is a less immediate action compared to adjusting the price based on erroneous data.