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 set out in the Authority to Proceed/Access Property.
Sample 1
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.
Sample 1

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.

  • 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.

  • 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.

  • Fair and reasonable price determinations must be completed and documented for any contract action that involves cost or pricing.

  • The Committee noted a paper providing an update of activity (as at 02 March) against target for Business & Community Development (BCD).

  • Fair and reasonable price will be based upon price analysis and competition.

  • Fair and reasonable price justification: Judgment- or market- based.

  • 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.

  • Technical proposal quality that includes technical approach and demonstrated capacity to meet the requirements outlined in the Scope of Work. Price (30 points) – Fair and reasonable price and price should be in accordance with the current prevailing market of Ukraine for the same and similar activities.

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

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;

  • 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.

  • 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.

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

  • 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.

  • 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:

  • 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.