PROCUREMENT UNDER GOVERNMENT …

PROCUREMENT UNDER GOVERNMENT CONTRACTS PRICE analysis guidebook Page 1 of 28 INTRODUCTION Price analysis must be performed on all GOVERNMENT procurements valued at over $3,000 (the current Federal Acquisition Regulation (FAR) micro-purchase threshold). The objective of price analysis is to ensure that prices paid by GOVERNMENT contractors are fair and reasonable. This is a higher standard than the commercial practice of whatever the market will bear . Price analysis incorporates various techniques to accomplish this objective. This guidebook presents those techniques and provides guidance on how to negotiate and document fair and reasonable prices. The responsibility for applying various price analysis techniques rests with the Buyer/Subcontracts Administrator (B/SCA). B/SCA in this guidebook refers to the PROCUREMENT representative responsible for the PROCUREMENT . The particular technique chosen, and the extent of the analysis , will depend on: The type of product or service Dollar value of the PROCUREMENT Urgency of the requirement Experience and expertise of the B/SCA If price analysis and negotiation fail to achieve fair and reasonable prices, cost analysis may be performed.

PROCUREMENT UNDER GOVERNMENT CONTRACTS PRICE ANALYSIS GUIDEBOOK Page 3 of 28 subcontract/purchase order. If the supplier cannot provide a commercial sales certification,

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