4307.1 The CCO shall determine that the price to be paid to the successful offeror is fair and reasonable for all simplified procurement transactions.

4307.2 Generally, competition shall determine price reasonableness. However, the determination that a proposed price is fair and reasonable may also be based on any of the following:

1. (a) Historical prices;
2. (b) Current price lists;
3. (c) Advertisements;
4. (d) Catalog prices;
5. (e) Comparison prices with similar items;
6. (f) Best value analysis;
7. (g) The contracting officer's knowledge of the item being procured; or
8. (h) Other reasonable comparisons.

SOURCE: Final Rulemaking published at 55 DCR 493 (January 18, 2008).