Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement
The Procurement ClassRoom
JUNE 25, 2019
of the UN Procurement Practitioner’s Handbook 2017 (UN-PPH), in cases of a non-competitive procurement method (such as direct procurement or sole source), negotiations for price reduction can be entered into to ensure a reasonable price. The negotiations will be documented, and contract award depends on the outcome of the negotiations.
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