Price Analysis in Various Situations

legal injury analysis is a toll equality of a proposed value without analyzing some(prenominal) of the separate cost of elements that its quiet of. With any purchase some type of cost analysis is established in order to receive the best price possible. This paper bequeath discuss which system for performing price analysis is best in the widest variety of situations. The policy of the government is to contract for its harvest-tides and run at intermediate and commonsense prices.With that, many factors are taken into account when determining beautiful and reasonable prices and how the government determines second-rate and reasonable pricing. There are flipper means identified to determine fair and reasonable pricing warring offers, established catalog prices, established market prices, established by fair play and regulation, and cost based prices. Fair and reasonable price is what the government is voluntary to pay for products and services in free-enterprise(a) ma rket conditions given reasonable knowledge of the marketplace.When the government acquires various products and services it must account the products and services in its budget and be able to convince the reviewing authorities the the forecast is reasonable. When forecasting the likely price of acquisition evaluation of bids, proposals, and quotations has to be completed. Then, the bidder or offeror for the reward must be selected and then the preparation for price discussion in negotiation. Given the opportunity to use any system of price analysis for the duration of my career, I would choose comparison of competitive bids.With this method three or more suppliers for the price of the same product are selected in order to determine if a particular price is reasonable. However, its not the best idea to go solely on the lowest bid without knowing full details into how that figure came about. Cheaper is not always the best value. Instead of comparing the lowest price, compare the ke ep down cost of acquisition. This includes variable cost, fixed cost, and semi-variable cost. When all these items are discussed a fair and reasonable price is at hand.If taking the lowest price is the strike then there would be no value if what is purchased is unknown. In all, Price analysis is a price comparison of a proposed price without analyzing any of the separate cost of elements that its composed. Given the opportunity to choose the method of price analysis, I would choose comparison of competitive bids because it allows multiple offers to be compared and other factors of discussion in negotiaton of priceing.