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Showing results for tags 'fair and reasonable'.
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While conducting reviews of SAP purchases a colleague and I had an discussion about what is necessary to award at a fair and reasonable price, in a particular situation. While price reasonableness is always a function of all the facts in a given procurement, absent any clear evidence of collusion or improper business relationships. Would two quotes from authorized distributors be sufficient fair and reasonable pricing? Assume that the determination necessary to support a single source BN/OEM has been properly executed for a part/item. Award is made to low price quoter of the same part/item. Would quotes from two different authorized distributors for the same BN/OEM item be sufficient price analysis to meet the threshold of FAR 13.106-3(a)(1)? -
Good morning, Quick question - Do I need to change my foreign currency to USD in order to do a fair and reasonable determination? Vendors are only responding in the foreign currency (Yen). I am awarding in the foreign currency (Yen). I was told - There is no way someone other than a foreign national could understand from looking at the documents if the prices are fair and reasonable and comparable if they are not converted to dollars in your supporting docs. My concern with doing this is that the changes in the rate can paint the wrong picture. Ex: Contract awarded for 10,000 Yen to JB in March 2015 exchange rate 100 = $1.00 so total is $100 Contract awarded for 10,000 Yen to BC (same item as JB) in September 2015 exchange rate 118.14 = $1.00 so total is $84.65 Contract awarded for 10,000 Yen to FG (same item as JB and BC) in December 2015 exchange rate 85 = $1.00 so total is $117.65 Does the example paint a picture of why I am concerned about showing a conversion to USD for fair and reasonable determination? I don't have a problem showing it for budget purposes.