Utah Administrative Code
Topic - Administrative Services
Title R33 - Purchasing and General Services
Rule R33-12 - Terms and Conditions, Contracts, Change Orders and Costs
Section R33-12-603 - Price Analysis
Universal Citation: UT Admin Code R 33-12-603
Current through Bulletin 2024-06, March 15, 2024
(1) Price analysis may be used to determine if a price is reasonable and competitive, such as when:
(a) there are a limited number of
vendors, bidders or offerors;
(b)
awarding a sole source or other contract without engaging in a standard
procurement process; or
(c)
identifying price that are significantly lower or higher than other vendors,
bidders, or offerors.
(2) Price analysis involves a comparison of prices for the same or similar procurement items, including quality, warranties, service agreements, delivery, contractual provisions, terms and conditions, and so on.
(3) Examples of a price analysis include:
(a) prices
submitted by other prospective bidders or offerors;
(b) price quotations;
(c) previous contract prices;
(d) comparisons to the existing contracts of
other public entities; and,
(e)
prices published in catalogs or price lists.
Disclaimer: These regulations may not be the most recent version. Utah 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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