[5.7.]

5.7. When Is "Enough" Enough? The CO is responsible for determining that a price is fair and reasonable based on a comparison of competitor prices, comparison of prices to previous contracts or market prices, or using other techniques described in FAR 15. The process is complete when the CO is confident he/she has:

5.7.1. Thoroughly evaluated the prices to include the identification of any risk assumed by acceptance of any potentially over or under priced items; and

5.7.2. Thoroughly documented the price analysis.