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Get the free Source Selection Price Reasonableness Form 1.23.19.docx

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UCPROCUREMENTSERVICES SOURCESELECTION&PRICEREASONABLENESSJUSTIFICATIONFORM ForFederallyfundedpurchases×10,000andnonFederallyfundedpurchases×100,000 I. ThisdocumentmustbecompletedbytherequestingDepartmentforallfederallyfundedpurchases$10,000
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How to fill out source selection price reasonableness

01
To fill out source selection price reasonableness, follow these steps:
02
Start by reviewing the solicitation and understanding the evaluation criteria for price reasonableness.
03
Gather the necessary information regarding the pricing of the proposed contract or purchase.
04
Analyze the current market conditions and compare the proposed price with similar products or services available in the market.
05
Consider any additional costs associated with the contract, such as transportation, maintenance, or overhead expenses.
06
Evaluate the reasonableness of the proposed price based on the information gathered and the evaluation criteria provided in the solicitation.
07
Document your analysis and conclusions regarding the price reasonableness in the required format as specified in the solicitation.
08
Submit the filled-out source selection price reasonableness document along with other required documents to the relevant authority for further evaluation and decision making.

Who needs source selection price reasonableness?

01
Source selection price reasonableness is needed by government agencies, organizations, and businesses that are involved in procurement or purchasing.
02
It is important for buyers to ensure that the prices they pay for goods or services are reasonable and fair.
03
Source selection price reasonableness helps in selecting the best offer that provides value for money and avoids overpaying for products or services.
04
Both the buyers and the sellers can benefit from the evaluation of price reasonableness as it promotes transparency and fairness in the procurement process.
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Source selection price reasonableness is the process of determining whether the prices proposed by offerors are fair and reasonable.
Contracting officers are required to file source selection price reasonableness.
Source selection price reasonableness is typically filled out by comparing proposed prices to market prices, historical prices, or other pricing data to ensure reasonableness.
The purpose of source selection price reasonableness is to ensure that the government is getting the best value for its money when awarding contracts.
Information such as price comparisons, market research, and any negotiations related to pricing must be reported on source selection price reasonableness documents.
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