Section 12-6-3.115.05 - Price Analysis TechniquesPrice analysis is used to determine if a price is reasonable and acceptable. It involves an evaluation of the prices for the same or similar items or services. Examples of price analysis criteria include but are not limited to:
(1) Price submission of prospective bidders or offers in the current procurement;(2) Prior price quotations and contract prices charged by the bidder, offerer, or contractor;(3) Prices published in catalogs or price lists;(4) Prices available on the open market; and(5) In-house estimates of cost. (a) In making such analysis, consideration must be given to any differing terms and conditions.12 Miss. Code. R. 6-3.115.05