Price Reasonableness. The OCO is responsible for the determination of cost or price reasonableness for each task order. When adequate price competition exists (see FAR 15.403-1(c)(1)), generally, no additional information is necessary to determine the reasonableness of cost or price. If adequate price competition does not exist and none of the exceptions under FAR 15.403-1(b) apply, the OCO must request a Certificate of Current Cost and Pricing Data in accordance with FAR 15.403-4.
Price Reasonableness. Prices are considered fair under current market conditions, reasonable to the offeror and reasonable to the Government. Reasonableness may also be determined by comparison to the Government estimate and / or other offers received.
Price Reasonableness. Normally, competition establishes price reasonableness. It is expected that the award decision will include a determination that there is adequate price competition and that the proposed prices are reasonable. In limited situations, additional analysis will be required by the Government to determine reasonableness. If, after receipt of a proposal, the Procuring Contracting Officer determines that adequate price competition does not exist and a determination is made that none of the exceptions in FAR § 15.403-1(b) apply, the offeror may be requested to provide certified cost and pricing data in accordance with FAR § 15.403-4.
Price Reasonableness. The proposed prices will be evaluated for reasonableness. Price reasonableness determines whether an Offeror’s price is too high. Analysis of price proposals will be performed using one or more of the techniques defined in FAR 15.404 in order to determine price reasonableness. Normally, price reasonableness is established through adequate price competition, but may also be determined through price analysis techniques as described in FAR 15.404-1. Notwithstanding anything to the contrary in this solicitation and for the avoidance of doubt, the Government will not perform a price realism analysis of the Offeror’s proposal.
Price Reasonableness. A. If the offeror or bidder's price appears reasonable based on your independent estimate, and other appropriate information, purchase the supply, equipment, or service.
Price Reasonableness. The Agreements Officer, through the CM, must be able to determine the amount of the prototype project agreement is fair and reasonable. The CM may need data such as commercial pricing data, market data, parametric data or cost information.
Price Reasonableness. The Government will evaluate whether or not the offerors proposed price is reasonable. A price is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person in the conduct of competitive business. The Government may make a determination of reasonableness by any means allowable under FAR 15.404-1.
Price Reasonableness. Adequate price competition is expected in response to this solicitation, normally resulting in a fair and reasonable price. The price proposal will be evaluated using one or more of the techniques defined in FAR 15.404-1(b) (Proposal Analysis Techniques). The Government reserves the right to request other than certified cost or pricing data in the event that additional data would be required to determine price reasonableness.
Price Reasonableness. Any offer may be rejected if the Procurement Officer determines in writing that it is unreasonable as to price. S.C. Code Xxx. Reg. 19-445.2070E. (c) Unbalanced Pricing. The State will analyze all offers with separately priced line items or subline items to determine if the prices are unbalanced. Unbalanced pricing exists when, despite an acceptable total evaluated price, the price of one or more line items is significantly over or understated. The responsible procurement officer may reject an offer as unreasonably priced if she determines that unbalanced pricing increases performance risk (e.g., it is so unbalanced as to be tantamount to allowing an advance payment) or could result in payment of unreasonably high prices. S.C. Code Xxx. Reg. 19-445.2122C. [02-2A082-1] OPEN TRADE REPRESENTATION (JUN 2015) By submitting an Offer, Offeror represents that Offeror is not currently engaged in the boycott of a person or an entity based in or doing business with a jurisdiction with whom South Carolina can enjoy open trade, as defined in SC Code Section 11-35-5300. [02-2A083-1] PROTESTS (MAR 2024):
Price Reasonableness. Comparison of proposed prices received in response to this solicitation is the preferred and intended price analysis technique. Price reasonableness will be determined based on a comparison of Offerors’ TEPs provided with your proposal, and as updated via any amendments through award. It will also include an assessment of the fair and reasonableness of the supporting pricing data presented in applicable backup data tabs, and the relationship between aircraft type pricing and Capability pricing. Offerors must sufficiently explain in the price narrative any difference between the average of all aircraft type in backup data and the proposed Capability CLIN(s). Other techniques and procedures described under FAR Subpart 15.404-1 may be used to assess price reasonableness.
