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 .

PROCUREMENT UNDER GOVERNMENT CONTRACTS PRICE ANALYSIS GUIDEBOOK Page 2 of 28 The requirement for price analysis applies to all procurements and all contract types, including:

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