Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What process can be used to determine a vendors price reasonableness when there is a lack of pricing information available?

April 26, 2017determine lack price pricing process reasonableness Used vendor

0

Posted

What process can be used to determine a vendors price reasonableness when there is a lack of pricing information available?

1 Answer

0

Posted

When there is a lack of pricing information available to determine price reasonableness, a cost analysis could be performed to evaluate and verify a vendor’s cost data and proposed profit.