3009.1 The CCO shall determine that the price to be paid to the successful bidder is fair and reasonable for all simplified procurement transactions, not including group purchasing transactions.

3009.2 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) Market surveys;
8. (h) The contracting officer's knowledge of the item being procured; or
9. (i) Other reasonable comparisons.

SOURCE: Final Rulemaking published at 57 DCR 2630 (March 26, 2010), as amended by Errata Notice published at 57 DCR 3485 (April 23, 2010).