THE OBJECTIVES OF THIS PROJECT ARE TO DEVELOP TECHNIQUES WHICH WILL ALLOW CONTRACTING OFFICIALS TO VERIFY THE REASONABLENESS OF PRICES FOR SPARES AND REPAIR PARTS PRIOR TO ACTUAL AWARD OF CONTRACT.

THE OBJECTIVES OF THIS PROJECT ARE TO DEVELOP TECHNIQUES WHICH WILL ALLOW CONTRACTING OFFICIALS TO VERIFY THE REASONABLENESS OF PRICES FOR SPARES AND REPAIR PARTS PRIOR TO ACTUAL AWARD OF CONTRACT. THE EFFORT WILL INCLUDE AN EXAMINATION OF HOW SPARES AND REPAIR PARTS ARE CATALOGUED AND GROUPED, E.G., COMMODITY MANAGEMENT, TECHNICAL SPECIFICATION, AND APPLICATION IN EQUIPMENTS AND END ITEMS, TO DETERMINE IF PAST CONTRACT PRICES CAN BEST BE USED TO PROVIDE A BASIS FOR PRICING NEW PROCUREMENTS. AN ANALYSIS WILL BE CONDUCTED OF HOW PRICES PAID IN THE PAST FOR AN ITEM OR SIMILAR ITEMS CAN BE UTILIZED IN EVALUATING PRICE QUOTES ON BIDS NOW BEING PROCESSED. THIS ANALYSISWILL INCLUDE AN EVALUATION OF HISTORICAL PRICING DATA WITHIN A PREIDENTIFIED GROUP OF PARTS TO DETERMINE THE STATISTICAL VALIDITY OF USING THIS DATA IN FORECASTING CURRENT PRICES. IN ADDITION, EXAMINATION OF OTHER PRICING DATA SUCH AS PUBLISHED CATALOGS COVERING SPECIFIC COMMODITIES WILL BE CONDUCTED TO DETERMINE IF THESE CAN BE OF ASSISTANCE IN DEVELOPING TARGET PRICES. ALSO, THE INTEGRATION OF TECHNICAL EVALUATION INCLUDING ON-LINE EXAMINATION OF DRAWINGS AND TECHNICAL SPECIFICATIONS JUST PRIOR TO AWARD BY QUALIFIED TECHNICIANS WILL BE EVALUATED.