Difference between the highest and lowest priced offers

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Reference no: EM133839620

Question

You receive multiple offers for a commercial procurement. You observe a significant difference between the highest and lowest priced offers. Which statement describes the approach you should take to complete your price analysis? Use parametric estimating methods to perform additional price analysis and, if that is not sufficient, request certified cost or pricing data from each offeror. Do nothing further as you have completed your price analysis by comparing the proposed prices. Expand your analysis to include prior prices paid for the same or comparable products under comparable terms and conditions to verify the validity of the low offer. Request certified cost or pricing data from each offeror to assist in your price analysis.

Reference no: EM133839620

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