Reasonable Price definition

Reasonable Price means the price for a good, material or service which one is willing to pay.
Reasonable Price means a decision reached jointly between a buyer and seller of property, reflecting a judgment influenced by the economic realities of the marketplace and the relative bargaining powers of the parties and is a price that provides the best total value in consideration of availability, delivery time, fitness for purpose, payment terms, quality, quantity, and service. In no instance shall “reasonable price” be less than the price originally paid by the Department.
Reasonable Price means the price at or below which the agency will accept a bid or proposal to contract. An agency may use any lawful process it chooses for determining what constitutes a reasonable price including, but not limited to: competitive, open or closed bidding; or the establishment of a prototype cost ceiling before bidding or negotiations commence. An agency may reject bids by qualified Indian-owned enterprises or organizations and other firms on the basis of price. No agency may reject a bid or proposal for a specific project or contract by a qualified Indian-owned enterprise or organization on the grounds that the price is not reasonable and subsequently contract with a non-Indian owned firm at a price the same or higher than that contained in the rejected bid.

Examples of Reasonable Price in a sentence

Equity investment teams at the Investment Manager share a common investment approach, best described as Growth at a Reasonable Price (GARP).

The DoD Did Not Pay a Fair and Reasonable Price for Hand Sanitizer‌While the DoD paid fair and reasonable prices on two of the three contracts for hand sanitizer we reviewed, on one contract, the DoD paid $4 per ounce ($32 per bottle) for 1,500 bottles of 8-ounce hand sanitizer and $6 per ounce ($24 per bottle) for 4,010 bottles of 4-ounce hand sanitizer, totaling $144,240.

The DoD Did Not Pay a Fair and Reasonable Price for N95 Masks‌Figure 1.

To Reserve the Land Bank nearby National High Ways and State High Ways for Industrial Purpose may be allotted to industries on very Nominal Value or Reasonable Price.

Related issues such as management and employee compensation plans to provide appropriate incentives for high-margins growth are also examined for growth shares.3 GARP INVESTING Growth At Reasonable Price (GARP) investing combines the two successful strategies of value and growth investing into a very sensible stock picking approach.


More Definitions of Reasonable Price

Reasonable Price means the price which is best suited to the economically feasible use of the property as decent, safe, and sanitary housing at affordable rents and affordable prices established by the entity in accordance with section 1478(c).18 Three (3) types of HRE are defined in the Program: 18 21 CCR§ 1476(bb) 2 - 25
Reasonable Price means the value of a grass seed kind, variety (or similar variety) and quality (or similar quality) during a time frame cor- responding with the date in which payment was due.