Transcription of Price Reasonableness Determination Form
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Example: marketing
Price Reasonableness Determination Form
Rev: 2/3/2007 Price Reasonableness Determination PC/SC/Contract #: _____ Buyer: _____ Date: _____ BASIS FOR AWARD ( ) Competitive No. of Suppliers solicited: _____ Offers received: _____ Acceptable: _____ Other sources considered: _____ ( ) Sole Source Suggested Source was approved Sole Source or Single Bid see the attached Sole Source Justification Price / cost analysis ( ) Comparison of proposed prices received in response to the solicitation.
COST ANALYSIS: A cost analysis looks at the individual elements of the price and analyzes these. Overhead or indirect rates may be verified and found reasonable by verifying such rates with the Government, in many cases.
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