REASONABLE PRICING Sample Clauses

REASONABLE PRICING. The Government will evaluate the Offeror’s proposed cost/price to determine reasonableness using any one or more of price analysis techniques set forth within FAR part 15.400. The purpose of price evaluation is to assess the reasonableness of the proposed price, including all options, and to assess the acceptability of and correlation to the other business matters of the offer. The results of the price evaluation shall also be used as an aid in determining each Offeror’s understanding of the technical requirements of the solicitation. Price will be evaluated for reasonableness in accordance with FAR 15.404. Any offer that is unreasonable or materially unbalanced as to price for basic and option items, including follow-on years, may be rejected. The Government will conduct a comparative assessment of the prices proposed. For purposes of determining the best value, the evaluated price will be the sum of the base year and option periods for all CLINs. More specifically, the Government will add up the amounts for each CLIN (the maximum quantity in the range multiplied by the unit price) and then total the amount for the base and each option to equal a grand total. The grand total will be the amount used for evaluation. As part of the price evaluation, the Government will evaluate the Option to Extend Services under FAR Clause 52.217-8 by adding one-half of the Offeror’s final option period prices to the Offeror’s total price. Thus, the Offeror’s total price for the purpose of evaluation will include the base period and all option periods. Offerors are required only to price the base and option periods. Offerors shall not submit a price for the potential one-half extension of services period. Price will not be scored; however, it is a factor in the best value determination. Each price will be validated by examining the arithmetic accuracy and consistency of the information presented in the offer. Discrepancies will be noted and provided to the Source Selection Authority (i.e., the Contracting Officer).

REASONABLE PRICING. 1. The Concessionaire will furnish the services authorized under this Agreement to its customers on a fair, nondiscriminatory basis with reasonable prices to customers. All services provided by the Concessionaire shall be competitive in price to those services at off-airport locations within the Fairbanks area and other airports of similar size and operation. 2. The Concessionaire shall, upon execution of this Agreement, provide Airport Leasing with a list of merchandise and services, including pricing, which the vending machine inventory will comprise of. Item prices and brand name selections shall not differ from those submitted unless agreed to in writing by Airport Leasing. 3. All price changes (both positive and negative) for products must be submitted in writing to Airport Leasing at least thirty days prior to the effective date of the price change. The Concessionaire must provide at least one supporting document which shows why price changes are occurring. This may include, but is not limited to, a certified invoice from the wholesaler where products are purchased, certified invoice or bill of sale from the product manufacturer, or a nationally recognized product publication which lists when and where price changes will occur. 4. During the term of this agreement, no less than one time per Agreement year, thirty (30) days after the end of each Agreement year, the Concessionaire shall conduct, or shall cause to be conducted, a vending machine price comparison of all current items. The price comparison shall compare the price of items sold in the Airport vending machines with the price of items sold in comparable vending machines off Airport property in the greater Fairbanks area.