Utah Admin. Code R33-112-603 - Price Analysis
(1) Price
analysis may be used to determine if a price is reasonable and competitive,
such as when:
(a) there are a limited number
of vendors, bidders, or offerors;
(b) awarding a sole source or other contract
without engaging in a standard procurement process; or
(c) identifying prices that are significantly
lower or higher than other vendors, bidders, or offerors.
(2) Price analysis involves a comparison of
prices for the same or similar procurement items, including quality,
warranties, service agreements, delivery, contractual provisions, terms, and
conditions, and so on.
(3) Examples
of a price analysis include:
(a) prices
submitted by other prospective bidders or offerors;
(b) price quotations;
(c) previous contract prices;
(d) comparisons to the existing contracts of
other public entities; and
(e)
prices published in catalogs or price lists.
Notes
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