R33-12-603. Price Analysis

Latest version.

  (1) Price analysis may be used to determine if a price is reasonable and competitive, such as when:

  (a) there are a limited number of vendors, bidders or offerors;

  (b) awarding a sole source or other contract without engaging in a standard procurement process; or

  (c) identifying price that are significantly lower or higher than other vendors, bidders, or offerors.

  (2) Price analysis involves a comparison of prices for the same or similar procurement items, including quality, warranties, service agreements, delivery, contractual provisions, terms and conditions, and so on.

  (3) Examples of a price analysis include:

  (a) prices submitted by other prospective bidders or offerors;

  (b) price quotations;

  (c) previous contract prices;

  (d) comparisons to the existing contracts of other public entities; and,

  (e) prices published in catalogs or price lists.

                    
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