Common use of Reasonableness of Price Clause in Contracts

Reasonableness of Price. ‌ Pricing must not include industrial funding fees (IFF) or other contract administration or use fees. Where Procurement Services determines a Contractor has included the IFF or other contract administration or use fees in its pricing, Procurement Services will either require the Contractor to reduce the particular pricing to reflect removing the fees, or remove the item from Contractor’s Pricelist or Contract Modification Request. Final determination for whether pricing complies with this requirement resides solely with Procurement Services.