Federal News Network

NOVEMBER 3, 2023

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.”

Price 65

Price Evaluation Negotiation Purchasing 65

The Coalition for Government Procurement

NOVEMBER 3, 2023

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.

Price 49

Price Evaluation Negotiation Purchasing 49

Procureware

DECEMBER 29, 2017

All phases can be connected into a group, making it easy for bid administrators to manage the different steps. Invite unregistered bidders Particularly for infrequent types of procurement, like accounting software, buyers need to research possible vendors and invite them to respond to an RFP.

Bidder 40

Bidder Supplier Bidding Buyers 40

The Coalition for Government Procurement

NOVEMBER 2, 2023

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.

Supply Chain 52

Supply Chain Price E-procurement Contract 52