Fair and reasonable price definition

Fair and reasonable price means a price that is commensurate with the extent and complexity of the services to be provided and is comparable to the price paid by the department or other entities for projects of similar scope and complexity.
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Fair and reasonable price means the price that a prudent business or person would pay for an item or service under competitive market conditions, given a reasonable knowledge of the marketplace. It is an assessment that an offeror’s proposed price for a good or service can be considered “fair and reasonable” based on applying price analysis techniques.
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Fair and reasonable price means the price set out in the Authority to Proceed/Access Property.
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Examples of Fair and reasonable price in a sentence

  • In accordance with Texas Education Code Section 2254.003 Selection of Provider; Fees – Alvin ISD shall evaluate respondents and award as follows:  On the basis of demonstrated competence and Proposal to perform the services, Fair and reasonable price and Contracted fees under the contract may not exceed any maximum provided by law.

  • Fair and reasonable price determination.* Economic concept of value, cost, and profit.* Cost and price analysis.* Profit factors.* Awareness of cost principles: reasonable, allowable and allocable.* Identification of elements of financial statements.* Simple cost control techniques.* Truth in Negotiation Act.* Contract audits and resolution process.

  • In accordance with Texas Education Code Section 2254.003 Selection of Provider; Fees – Alvin ISD shall evaluate respondents and award as follows: • On the basis of demonstrated competence and ability to perform the services,• Fair and reasonable price and• Contracted fees under the contract may not exceed any maximum provided by law.

  • Evaluation Criteria: IFES will evaluate responsive offers based on the following criteria:  Price (50%) – Fair and reasonable price for services provided to IFES.

  • Fair and reasonable price can be established using a detailed scope of work, complete design and specifications and known environmental and business conditions.

  • Fair and reasonable price will be determined by a cost/price analysis and a comparison of proposed prices with the Independent Government Estimate and historical pricing of similar requirements.

  • Nothing in this Indenture shall be deemed or construed to limit, impair or affect in any way the Authority’s (or any Authority Indemnified Person’s) right to enforce the Retained Rights, regardless of whether there is then existing an Event of Default (including, without limitation, a payment default), or any action based thereon or occasioned by an Event of Default or alleged Event of Default, and regardless of any waiver or forbearance granted by the Trustee or any Bondholder in respect thereof.

  • Data shows that urban population only 14.9 percent and rural population 85.1 percent.

  • Fair and reasonable price determination is achieved by the utilization of (APPENDIX B) the Request for Quote Sheet FTA C4220.1F CH.

  • Fair and reasonable price: A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance.

Related to Fair and reasonable price

  • fair and reasonable conditions means appropriate conditions, including possible financial terms or royalty-free conditions, taking into account the specific circumstances of the request for access, for example the actual or potential value of the results or background to which access is requested and/or the scope, duration or other characteristics of the exploitation envisaged;

  • Acceptable Price as defined in the definition of “Dutch Auction.”

  • Applicable Price has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Reasonable pupil means a pupil, including, but not limited to, an exceptional needs pupil, who exercises average care, skill, and judgment in conduct for a person of his or her age, or for a person of his or her age with his or her exceptional needs.

  • Congestion Price means the congestion component of the Locational Marginal Price, which is the effect on transmission congestion costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource, based on the effect of increased generation from or consumption by the resource on transmission line loadings, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.

  • fair price, means the price that is determined by financial advisor approved by the SEC.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Reasonable suspicion means a basis for forming a belief based on specific facts and rational inferences drawn from those facts.

  • Fair wages means wages whether for time of piecework notified by the Government from time in the area in which the work is situated.

  • Reasonable Care means the use of reasonable custodial practices under the applicable circumstances as measured by the custodial practices then prevailing in Russia of International Financial Institutions acting as custodians for their institutional investor clients in Russia.

  • Reasonable Distance means a distance that has regard to the Employee’s original work location, current home address, capacity of the Employee to travel, additional travelling time, effects on the personal circumstances of the affected Employee, including family commitments and responsibilities and other matters raised by the Employee, or assistance provided by their Employer.

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • Valuation Price means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

  • Effective Price of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to have been issued or sold by the Company under this Section 4F, into the aggregate consideration received, or deemed to have been received, by the Company for such issue under this Section 4F, for such Additional Shares of Common Stock.

  • Present Fair Salable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the Borrower and its Subsidiaries taken as a whole are sold on a going concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

  • Market Value as defined in the regulation prescribing the standards for real estate appraisals used in federally related transactions, 12

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Fair Market Value Excess With respect to each Mortgage Loan to be purchased pursuant to Section 10.01(a), the excess, if any, of the Fair Market Value Call Price for such Mortgage Loan, over the Par Call Price for such Mortgage Loan. Any Fair Market Value Excess will not become part of the related Group Available Funds, but shall instead be distributed directly to the Holders of the Class A-LR Certificates pursuant to Section 4.02(g).

  • Termination Price As defined in Section 9.01.

  • Fair Market Price means the average value at the relevant time and place (of the requirement to determine the Fair Market Price) to be derived from the average of three independent broker valuations by a broker appointed by Grain Trade Australia, with the valuations to take into account the Grade and variety and taking into account the cost of insurance, levies, taxes, charges, Freight and associated costs.

  • As low as is reasonably achievable (ALARA) means making every reasonable effort to maintain exposures to radiation as far below the dose limits in these regulations as is practical, consistent with the purpose for which the licensed or registered activity is undertaken, taking into account the state of technology, the economics of improvements in relation to state of technology, the economics of improvements in relation to benefits to the public health and safety, and other societal and socioeconomic considerations, and in relation to utilization of nuclear energy and licensed or registered sources of radiation in the public interest.

  • Housing for Older Persons means housing:

  • Fair salable value means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase.

  • Reasonable grounds means that a reasonable person in your position would also suspect the information indicates misconduct or a breach of the law.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.