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
Section 12-6-3.115.05 - Price Analysis Techniques
Universal Citation: MS Code of Rules 12-6-3.115.05
Current through September 24, 2024
Price analysis is used to determine if a price is reasonable and acceptable. It involves an evaluation of the prices for the same or similar items or services. Examples of price analysis criteria include but are not limited to:
(1) Price submission of prospective bidders or offers in the current procurement;
(2) Prior price quotations and contract prices charged by the bidder, offerer, or contractor;
(3) Prices published in catalogs or price lists;
(4) Prices available on the open market; and
(5) In-house estimates of cost.
(a) In making such analysis, consideration
must be given to any differing terms and conditions.
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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