Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement
The Procurement ClassRoom
JUNE 25, 2019
Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.
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