Lowest Possible Price. The Principal Recipient shall use good procurement practices when procuring Health Products, including competitive purchasing from qualified manufacturers and suppliers (and, in particular, with respect to pharmaceutical products, in compliance with item (f) above), to attain the lowest price of products, consistent with quality assurance. With respect to durable products, the lowest possible price shall take into account the total cost of ownership, including the cost of reagents and other consumables as well as costs for annual maintenance.
Appears in 2 contracts
Sources: Funding Agreement, Grant Agreement