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14.408-2 Responsible bidder-reasonableness of price.

14.408-2 Responsible bidder-reasonableness of price.

      (a) The contracting officer shall determine that a prospective contractor is responsible (see subpart  9.1) and that the prices offered are reasonable before awarding the contract. The price analysis techniques in 15.404-1(b) may be used as guidelines. In each case the determination shall be made in the light of all prevailing circumstances. Particular care must be taken in cases where only a single bid is received.

      (b) The price analysis shall consider whether bids are materially unbalanced (see 15.404-1(g)).