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Showing results for tags 'price reductions'.
FAR 8.405-4 says we may request a price reduction at any time before placing an order. I'm wondering about the opinion of WIFCON readers on requesting a price reduction to a specific price. For example, imagine I receive three quotes at $101,000, $100,000, and $99,000, all three with a perfect and identical level of effort and skill mix and all three at reasonable prices, in comparison to my government estimate and available budget of $98,000. I already know I may ask all quoters for non-specific price reductions and cross my fingers and hope that at least one comes back at $98,000 or l