West Virginia Code of State Rules
Agency 186 - Purchase Of Commodities And Services from The Handicapped
Title 186 - LEGISLATIVE RULE COMMITTEE FOR THE PURCHASE OF COMMODITIES AND SERVICES FROM THE HANDICAPPED
Series 186-01 - Rules And Regulations For Fair Market Price Determination
Section 186-1-5 - Initial Fair Market Price Determination Procedures

Universal Citation: 186 WV Code of State Rules 186-1-5

Current through Register Vol. XLI, No. 38, September 20, 2024

5.1. The CNA shall use the following procedure to develop the initial fair market price to be recommended to the Committee.

5.1.a. The CNA shall request a copy of the most recent solicitation or contract (as required under 3.3.a. of this rule) of the service or commodity from the spending unit.

5.1.b. The CNA shall request a scope of work from the spending unit.

5.1.c. The qualified vendor must submit to the CNA all costs associated with fulfilling the contract on Committee approved forms and assist the CNA in establishment of the fair market price.

5.1.d. The CNA shall review and verify all costing information submitted by the qualified vendor.

5.1.e. Prior to submission to the Committee, the CNA shall submit a copy of the suggested fair market price to the spending unit. The spending unit is to notify the CNA of any objection in writing within ten (10) working days of receipt.

5.1.f. The CNA shall submit all costing information to the committee and comments from the spending unit using the appropriate forms(s) for approval.

5.1.f.1. Base Price -- Each time the committee determines the fair market price, a new base price is established.

5.1.f.2. The qualified vendor shall project costs for at least three (3) years in order to assist state spending units in future years.

5.1.g. The Committee shall review the proposal package submitted by the CNA to determine the fair market price. If additional information or clarification is needed by the committee the appropriate party(s) will be contacted.

5.1.h. The committee shall notify the CNA of the approved fair market price. The CNA shall notify the spending unit and qualified vendor of the committee's action.

Disclaimer: These regulations may not be the most recent version. West Virginia 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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