Price Analysis Unlocks Price Reasonableness and Justification in Noncompetitive Procurement
Price analysis for sole source procurement at SpendLogic is a critical process that ensures fair and reasonable pricing. A price analysis is required for sole source procurements, with the method and degree of analysis depending on the specific circumstances of the transaction. If a sole source procurement is for standard commercial items sold to the general public, a price analysis is sufficient. However, if the procurement is for services, a cost analysis is necessary to ev