Price analysis

{
  "id": "MLC-T-ENV-022062",
  "term": "Price analysis",
  "field": "Environment",
  "term_source": "Price Analysis",
  "definition": "1. The process of evaluating a prospective price without regard to the contractor's separate cost elements and proposed profit. Price analysis determines the reasonableness of the proposed contract price based on adequate price competition, previous experience with similar work, established catalog or market price, law, or regulation.\n\n2. Process of evaluating a prospective price without regard to the contractor’s separate cost elements and proposed profit. Price analysis determines the reasonableness of the proposed contract price based on adequate price competition, previous experience with similar work, established catalog or market price, law, or regulation.",
  "subject": "Social and economic factors",
  "references": [
    "Assistance Administration Manual",
    "40 CFR 35.6015 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/price-analysis/"
}