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Brandeis University Sole Source / Price Reasonableness JustificationPrint Forrest FormDepartment NameRequisition #Supplier Name PO #This form must be submitted with any Purchase Requisition that will

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How to fill out sole source price reasonableness

01

Obtain a copy of the sole source justification form from the appropriate department.

02

Provide the necessary information including the description of the product or service being procured, the reason for sole source justification, and the price being proposed.

03

Include documentation to support the reasonableness of the price such as previous quotes, market analysis, or cost breakdowns.

04

Submit the completed form to the relevant procurement officer for review and approval.

Who needs sole source price reasonableness?

01

Government agencies or organizations that are looking to procure goods or services from a single source without competition.

02

Companies or vendors that are providing unique products or services that are not readily available from other sources.

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What is sole source price reasonableness?

Sole source price reasonableness is the determination of whether a price offered for a sole source procurement is fair and reasonable.

Who is required to file sole source price reasonableness?

The contracting officer is required to file sole source price reasonableness for a sole source procurement.

How to fill out sole source price reasonableness?

To fill out sole source price reasonableness, the contracting officer must compare the price offered for the procurement with market prices, analyze cost and pricing data, and document the rationale for accepting the price.

What is the purpose of sole source price reasonableness?

The purpose of sole source price reasonableness is to ensure that the government is paying a fair and reasonable price for goods or services procured through a sole source contract.

What information must be reported on sole source price reasonableness?

The information reported on sole source price reasonableness must include a justification for the sole source procurement, the price offered, a comparison with market prices, and the rationale for accepting the price.

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