In a sole-source procurement with a single offer and a 30-day receipt period, what action must the contracting officer take to determine if the offered price is fair and reasonable?

In a sole-source procurement with a single offer and a 30-day receipt period, what action must the contracting officer take to determine if the offered price is fair and reasonable?

• A. Determine through cost or price analysis that the offered price is fair and reasonable and that adequate price competition exists.
• B. Obtain from the offeror cost or pricing data necessary to determine a fair and reasonable price and comply with the requirement for certified data.
• C. Reject the offer and reopen competition to obtain multiple offers.
• D. Award at the offered price without any further analysis.

Answer: (A)