Login | Store | Training | Contact Us  
 Latest News 
 Product List 
 Related Links 

   HomeLatest News

Proposed FAR Rule Clarifies Price Analysis Technique


The Department of Defense, General Services Administration, and National Aeronautics and Space Administration are proposing to amend the Federal Acquisition Regulation to clarify the use of a price analysis technique to establish a fair and reasonable price. The rule would amend FAR 15.404-1 (b)(2), which addresses various price analysis techniques and procedures the government may use to ensure a fair and reasonable price. FAR 15.404-1 (b)(2)(i) discusses the comparison of proposed prices received in response to a solicitation as an example of these techniques and procedures. In this discussion, FAR 15.404-1 (b)(2)(i) references FAR 15.403-1 (c)(1), which sets forth the requirements of adequate price competition. However, only FAR 15.403-1 (c)(1)(i) addresses the situation when two or more responsible offerors, competing independently, submit priced offers that satisfy the government's expressed requirement. Therefore, the rule would change the reference to FAR 15.403-1 (c)(1)(i). Comments referencing FAR Case 2012-018 are due September 10, 2012. For the text of the rule, see 70,006.266.




(The news featured above is a selection from the news covered in the Government Contracts Report Letter, which is published weekly and distributed to subscribers of the Government Contracts Reporter. )


   2001-2020 CCH Incorporated or its affiliates
Print this Page | About Us | Privacy Policy | Site Map