Responsible bidder-reasonableness of price.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Responsible bidder-reasonableness of price. 14.408-2 Section 14.408-2 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES SEALED BIDDING Opening of Bids and Award of Contract 14.408–2 Responsible bidder—reasonableness of price. (a) The contracting officer shall determine that a prospective contractor is responsible (see subpart 9.1) and that the prices offered are reasonable before awarding the contract. The price analysis techniques in 15.404–1(b) may be used as guidelines. In each case the determination shall be made in the light of all prevailing circumstances. Particular care must be taken in cases where only a single bid is received. (b) The price analysis shall consider whether bids are materially unbalanced (see 15.404–1(g)). [48 FR 42171, Sept. 19, 1983, as amended at 55 FR 25527, June 21, 1990. Redesignated at 60 FR 34738, July 3, 1995, as amended at 62 FR 51270, Sept. 30, 1997]