Listen and Learn… What does Price Reasonableness mean?  The Government must make a determination that the price is fair and reasonable before awarding a contract.  During source selections, prices are usually assessed to be reasonable, accurate, and complete before award.

Kevin and Paul discuss how price reasonableness is determined by the Government during source selections and negotiations. Learn why this subjective determination can be so difficult in the Government contracting world and why it is incumbent upon Industry to clearly explain their pricing strategy in enough detail for the Government to make this determination.