Factor 3- Price/Cost Reasonableness Sample Clauses

Factor 3- Price/Cost Reasonableness. The Government will not evaluate price adjectivally. The Government will analyze the proposed price provided in Section B and attachment J-2 of volume III in accordance with FAR 15.404 using proposal analysis techniques to determine fair and reasonable pricing. The Government may use one or a combination of price analysis techniques and procedures to ensure a fair and reasonable price is received. Award will be made on the basis of the lowest priced proposal that meets the acceptability standards for all non- price factors and sub-factors, in accordance with FAR 15.101-2. The offeror’s total proposed price of the basic contract line item number (CLIN) 0001 found in Section B shall match the sum of all paragraph line items within the Price Breakdown Spreadsheet (respective to individual tabs) found in attachment J-2. CLIN 0002 and CLIN 0003 are informational only and shall not be priced. If the Government determines an offeror’s estimates to be inexplicably low or otherwise not fair and reasonable, that offeror may be eliminated from the competition without further discussion. A completed attachment J-2 is REQUIRED to be submitted with your proposal. Failure to submit a price for any line item(s) in the J-2 attachment may result in the offer being rejected as unacceptable.
Sample 1
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Factor 3- Price/Cost Reasonableness. The Government will not evaluate price adjectivally. The Government will analyze the proposed price provided in Section B and attachments J-2a and J-2b (UFDD-29 and UFDD-54) of volume III in accordance with FAR
Sample 1

Related to Factor 3- Price/Cost Reasonableness

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  • Contract Price 5.01 Owner shall pay Contractor for completion of the Work in accordance with the Contract Documents the amounts that follow, subject to adjustment under the Contract:

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Unit Price Work Work to be paid for on the basis of unit prices as defined and described in the Contract Documents. A percentage markup for overhead or profit shall be included in all unit prices.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Cost Estimate An estimate of the total project cost including but not limited to direct expenses, indirect expenses, land cost, and capital expenses.

  • PAYMENT AND CONTRACT PRICE C1 Contract Price C2 Payment and VAT C3 Recovery of Sums Due C4 Contract Price During Extension of the Initial Contract Period C5 Euro

  • Contract Price and Payment In addition, the Contractor shall be entitled to receive from the payments made by the insurers the amount of the Contractor’s interest in the restoration of the Work.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

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