POLICY:

Purchasing Services is responsible to meet Federal 2CFR215 (formerly OMB A110) and State of Wisconsin (PRO-C-15) regulations regarding fair prices for commodities and services related to procurements when no competition exists for official sealed bids, contracts and waiver (sole source) transactions in excess of $25,000.

PROCEDURE:

The purchasing agent responsible for any official sealed bid, contract or waiver where no competition exists, must complete a Fair Price Analysis Form.
NOTE: Agent may request assistance from SWAP Manager regarding past sales or markets for the item being traded in.

If agent completes 1a. or 1b. on the Fair Price Analysis Form, they MUST complete 2a, 2b or 2c.

The completed Fair Price Analysis Form must be attached to the back of the abstract in the bid jacket.

REFERENCES:

PRO-C-15 (Basis for Awards)
2CFR215 (Fair Price Evaluations)

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