Which document is the primary form of price analysis used in government procurement?

Which document is the primary form of price analysis used in government procurement?

• A. Bid tabulation
• B. Price Analysis
• C. Addenda
• D. Late bids

Answer: (A)

Price analysis is the process of evaluating whether quoted prices are fair and reasonable without delving into the underlying costs. In government procurement, the primary document used to perform and present this analysis is the bid tabulation. This single sheet or table brings all bids together, listing each bidder’s price for each item, any options or ancillary costs, and the overall totals. With this consolidated view, the contracting officer can compare prices line by line, identify the lowest reasonable bid, flag any pricing anomalies, and justify which bid is selected based on price and value. Addenda are changes to the solicitation, late bids are typically excluded from competition, and the actual price-analysis method is the procedure—not a standalone document—so the bid tabulation is the key artifact that supports the price analysis process.

Price analysis is the process of evaluating whether quoted prices are fair and reasonable without delving into the underlying costs. In government procurement, the primary document used to perform and present this analysis is the bid tabulation. This single sheet or table brings all bids together, listing each bidder’s price for each item, any options or ancillary costs, and the overall totals. With this consolidated view, the contracting officer can compare prices line by line, identify the lowest reasonable bid, flag any pricing anomalies, and justify which bid is selected based on price and value. Addenda are changes to the solicitation, late bids are typically excluded from competition, and the actual price-analysis method is the procedure—not a standalone document—so the bid tabulation is the key artifact that supports the price analysis process.