D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 19. AMUSEMENTS, PARKS, AND RECREATION |
Chapter 19-43. DISTRICT OF COLUMBIA PUBLIC LIBRARY: PROCUREMENT |
Section 19-4307. DETERMINATION OF PRICE REASONABLENESS AND AWARD
Latest version.
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4307.1The CCO shall determine that the price to be paid to the successful offeror is fair and reasonable for all simplified procurement transactions.
4307.2Generally, competition shall determine price reasonableness. However, the determination that a proposed price is fair and reasonable may also be based on any of the following:
(a)Historical prices;
(b)Current price lists;
(c)Advertisements;
(d)Catalog prices;
(e)Comparison prices with similar items;
(f)Best value analysis;
(g)The contracting officer's knowledge of the item being procured; or
(h)Other reasonable comparisons.
source
Final Rulemaking published at 55 DCR 493 (January 18, 2008).