Section R33-12-603 - Price Analysis(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;(c) previous contract prices;(d) comparisons to the existing contracts of other public entities; and,(e) prices published in catalogs or price lists.Utah Admin. Code R33-12-603
Amended by Utah State Bulletin Number 2017-14, effective 6/21/2017Amended by Utah State Bulletin Number 2022-11, effective 5/23/2022