Commercial product requirement with estimate value

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Reference no: EM133800146

Question

You are the contracting officer for a commercial product requirement with an estimate value of $178,000. Only one quotation was received in response to the competitive solicitation, and the information obtained through the market research is incipient to determine the quote, prize fair, and reasonable. Which of the following statements about the price reason Ness determination is most appropriate? Other relative price or cost information to support the fair and reasonable determination cannot be requested from the court. The requirement must be recently solicited to obtain competitive quotations before reasonable termination can be made. marker pricing must be used to determine the price fair and reasonable due to the Absence of competition. Recent purchase price paid item under similar terms and condition should be considered if they are still Ballin comparison.

Reference no: EM133800146

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