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                            14.408-2 Responsible bidder-reasonableness of price.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart14.014.114.214.314.414.5
Section14.40014.40114.40214.40314.40414.40514.40614.40714.40814.409
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14.408-2 Responsible bidder-reasonableness of price.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)).    **Parent topic:**  14.408 Award.
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