Mississippi Administrative Code
Title 12 - Finance and Administration
Part 6 - Office of Purchasing, Travel and Fleet Management
Chapter 3 - Source Selection and Contract Formation
Sec2 12-6-3.115 - Cost or Pricing Data
Sec2 12-6-3.115.03 - Meaning of Terms "Adequate Price Competition," "Established Catalog Prices" or "Market Prices," and "Prices Set by Law or Regulation"
Section 12-6-3.115.03.3 - Established Catalog Prices or Market Prices

(1)"Established Catalog Price" means the price included in a catalog, price list, schedule, or other form that:

(2)"Established Market Price" means a current price, established in the usual and ordinary course of trade between buyers and sellers, which can be substantiated from sources which are independent of the manufacturer or supplier and may be an indication of the reasonableness of price.

(3) If, despite the existence of an established catalog price or market price, and after consultation with the prospective contractors, the Agency Procurement Officer considers that such price is not reasonable, cost or pricing data may be requested. Where the reasonableness of the price can be assured by a request for cost or pricing data limited to data pertaining to the differences in the item or services being procured and those listed in the catalog or market, requests should be so limited.