FAIR AND REASONABLE PRICING Clause Samples
FAIR AND REASONABLE PRICING. Whereas any order awarded under the PROS V Program is required to comply with US Federal Regulations, all submitted bids shall be subject to FAR 13.106-3. Furthermore, all Seller’s shall accept and agree without reservation, when requested, to provide BUYER additional supporting documentation in order to further evaluate and make a determination. As such, quotes/proposals and supporting documents will be reviewed to determine if prices are fair and reasonable, which shall be made prior to a decision to award. If justification cannot be determined by BUYER, pricing may be determined to be NOT fair and reasonable and Seller’s quote/proposal shall not be considered for award.
FAIR AND REASONABLE PRICING. Customer hereby acknowledges and agrees that the Unit Price per Product and/or the Purchase Price, as stated in each Sales Confirmation, is fair and reasonable, that the Customer believes, based upon Customer’s independent analysis, that the Unit Price and/or the Purchase Price is competitive within the marketplace, and that the Customer does not believe the Unit Price and/or the Purchase Price is unconscionably excessive.
FAIR AND REASONABLE PRICING. Whereas any order awarded under the Federal PROS Program is required to be in compliance with US Federal Regulations (FAR, DFAR and AFFAR), all submitted bids shall be subject to FAR 13.106-3. As such, justification for fair and reasonable pricing will be reviewed and determined prior to any award. If justification cannot be determined with existing tools or pricing is found NOT to be fair and reasonable, you may be requested to submit justification and/or documentation to make a determination.