SpendLogic Purchasing Documentation

Price Reasonableness Documentation Strategies for Contracting Officers Managing Non-Competitive Procurements

Documenting price reasonableness without competition at SpendLogic is essential when procurement occurs without competitive bids. When a purchase is not competitively awarded, additional information is required to justify the quoted price. This documentation can include basing price reasonableness on published catalog or online pricing, obtaining quotes for similar products from other suppliers, or verifying prices for similar products sold to other agencies. For purchases ov