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The concept of a fair and reasonable price has elsewhere been described as the price that a prudent businessperson would pay for an item or service under competitive market conditions,. Fair and reasonable price definition a fair and reasonable price is the selling price for a service or good that is fair to both the buyer and the seller, who are involved in the transaction. Commercial product and commercial service prices are affected by factors that include, but are not limited to, speed of delivery, length and extent of warranty, limitations of.

If you say that the price of something is reasonable, you mean that it is fair and not too high. The high quality printing, excellent illustrations and reasonable price will make this book a must for many personal libraries. A reasonable price refers to the amount deemed fair and appropriate for goods or services based on the circumstances, industry standards, and market conditions

(a) a cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person in the conduct of.

Find 149 synonyms for reasonable price to improve your writing and expand your vocabulary. Far 36.214(b)(2) when a proposed price is significantly lower than the government estimate, the contracting officer shall make sure both the offeror and the government estimator completely. Reasonable price means the price for a good, material or service which one is willing to pay Reasonable price changes based on market conditions and price/cost analysis may be made after.

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