Subject to a cost or price analysis, depending on the facts surrounding the particular procurement, independent estimates shall be made before receiving bids or proposals. A cost analysis shall be per

Description

formed when adequate price competition is lacking, for sole source procurement including contract modifications or change orders (unless price reasonableness can be established on the basis of a catalog or market price of a product sold in substantial quantities to the public, or price is set by law or regulation), and when the bidder is required to submit the elements of his/her estimated cost, as in professional, consulting, and AIE services contracts. A price analysis will be used in all othe