GAO: Competition Alone Doesn’t Mean Prices are Reasonable | SmallGovCon – Government Contracts Law Blog

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When the federal government awards a contract, the government must ensure that the price it pays is “fair and reasonable.”  In other words, the government cannot pay a price that is too high.

Source: GAO: Competition Alone Doesn’t Mean Prices are Reasonable | SmallGovCon – Government Contracts Law Blog

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