Section 3-122-129 - Price analysis techniques(a) 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 submissions of prospective bidders or offerors in the current procurement;(2) Prior price quotations and contract prices charged by the bidder, offeror, or contractor;(3) Prices published in catalogues or price lists;(4) Prices available on the open market; and(5) In-house estimates of cost.(b) In making the analysis, consideration must be given to any differing terms and conditions.[Eff 12/15/95; comp 11/17/97; comp MAR 21 2008] (Auth: HRS § 103D-202) (Imp: HRS § 103D-312)