Price Analysis
Utilize on bids with price variances. Examine variances from independent estimate as well as differences between bids recorded.
PO / Contract: 12302459
The evidence compiled by a price analysis includes:
• Developing and examining data from multiple sources whenever possible that proves or strongly suggests the proposed price is fair.
• Determining when multiple data consistently indicates that a given price represents a good value for the money.
• Documenting data sufficiently to convince a third party that the analyst’s conclusions are valid.
DATE: 8/31/2023 PREPARED BY:
The pricing quoted on the attached sheet(s) is deemed to be fair and reasonable based on the following type of analysis:
_X Comparison with competing suppliers’ prices or catalog pricing for the same item. (Complete comparison matrix and attach supporting quotes or catalog pages.)
Comparison of proposed pricing with in-house estimate for the same item. (Attach signed in-house estimate and explain factors influencing any differences found. Complete summary matrix.)
Comparison of proposed pricing with historical pricing from previous purchases of the same item, coupled with market data such as Producer Price Index or Inflation Rate over the corresponding time period. (Attach data and historical price record).
Analysis of price components against current published standards, such as labor rates, dollars per pound etc. to justify the price reasonableness of the whole. (Attach analysis to support conclusions drawn.)
SUMMARY MATRIX
Product Tolar
Manufacturing
Brasco International
Shelters & Amenities $555,835.50 $695,065.25
Shelle O’Brien