Adequate price competition can be met with a single offer if:

Study for the FAR Part 15 Contracting by Negotiation Test. This quiz covers key concepts of federal contracting procedures, including negotiation strategies and proposal evaluation. Arm yourself with hints and explanations to boost your exam readiness!

Multiple Choice

Adequate price competition can be met with a single offer if:

Explanation:
Adequate price competition with a single offer rests on two safeguards: the price must be shown as reasonable through price analysis, and the contracting officer must reasonably conclude that competition was expected in the procurement process and that the award decision was approved at a higher level. The price reasonableness check ensures you’re not paying more than fair market value, while the expectation-and-approval element shows that the decision to proceed without another offer was deliberate and justified within the acquisition workflow. If you have only one of these elements, you haven’t demonstrated adequate price competition. Therefore, only when both conditions are present can a single offer meet the standard.

Adequate price competition with a single offer rests on two safeguards: the price must be shown as reasonable through price analysis, and the contracting officer must reasonably conclude that competition was expected in the procurement process and that the award decision was approved at a higher level. The price reasonableness check ensures you’re not paying more than fair market value, while the expectation-and-approval element shows that the decision to proceed without another offer was deliberate and justified within the acquisition workflow. If you have only one of these elements, you haven’t demonstrated adequate price competition. Therefore, only when both conditions are present can a single offer meet the standard.

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