Price Analysis

In: Business and Management

Submitted By karan654
Words 388
Pages 2
Methods for price analysis performed in several other methods. Such as, comparison of proposed prices in received in response to the solicitation, however this method of comparing offered prices and arrange based on bid prices. As a general rule, we should expect offered price to almost close but not the same, if price competition has been occurred. The range of the prices will add confidence that the lowest price offered is reasonable. Moreover, people have to be careful when they are using comparison with other prices offered as the price analysis method. The government is required to point out apparent mistakes to offerors if it has reasonable basis to suspect they are present. This requirement does not obligate the government to conduct a painstaking examination of every offer to every detail. In addition, they are basically consequences of their own error. For instance, it is deliberately take advantage of a known or suspected mistake to entice into the contract which is actually underpriced. Mostly, comparison of competitive bids with each other is the best of all the price analysis techniques when conditions are right for use. There must be at least two independent offers. Comparison to prior prices this method is one of the most method used for government price analysis. It is useful when agency had a history of contracting for same product of the service. For purposes the pricing history and current low bid prices is the same product. When we are comparing the present unit price bid with some price paid in the past. The base price used for comparison must have been reasonable if this price analysis method is to work properly. On the other hand, we are all believe in Comparison of offers to published prices by major retail companies and some discount on purchase. We are all known that company is giving any discount from that price which is unlikely…...

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