Utah Admin. Code R33-12-603 - 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 price 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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