what is price analysis????

Answer 1

PRICE ANALYSIS – is the process of examining and evaluating a proposed price without evaluation of
its separate cost elements and proposed profit. Generally, price analysis should be used under the
following circumstances:
• Procurements expected to be less than $100,000
• Where adequate price competition exists and award can be make on the basis of price alone.
• Comparison with competitive published prices, or published market prices or other indices for
same or similar work under similar conditions.
• Comparison of proposed prices with independent Government estimates.
• Application of a rough yardstick (i.e., $ per unit) to highlight any significant inconsistencies
that warrant additional inquiries.
• When prices are set by law or regulation.
• When neither competition or published prices are available, a statement to file supporting why
the price to be paid is fair and reasonable. This documentation may include:
() a price increase over an amount previously paid for a similar item, or support in the form of
professional journals, trade magazines, or government indices;
() favorable price comparisons with prices paid by other institutions of government agencies
for like or similar items. This is particularly valuable if a price or cost analysis has been
done by the other agencies or institutions;
() favorable price comparison with a cost estimate developed independently by the buyer after
consultation with other professional staff within the University.
http://72.14.205.104/search?q=cache:Af6a-Q6EEzYJ:researchadmin.asu.edu/informationsheets/rsp112b.pdf

Answer 2

I think it's when you go round all the shops and compare the price of something before buying it.

Answer 3

Are you on the right course?

Answer 4

money diagnosis