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Price Realism Requirement Must Be Stated to Allow Unacceptability Finding

Client Alert | 1 min read | 11.25.15

In W.P. Tax & Accounting Group (Nov. 13, 2015), GAO reminded agencies that, in fixed-price procurements, below-cost pricing is not inherently improper and cannot serve as the basis for a technical unacceptability finding when the solicitation does not provide for a price realism evaluation. Because the solicitation in W.P. said nothing about a price realism evaluation, GAO overturned the agency's rejection of the low-priced vendor's quotation as technically unacceptable and recommended that the agency either reevaluate the vendor's quotation against the stated evaluation criteria or amend the solicitation to provide for a price realism evaluation.


Insights

Client Alert | 7 min read | 01.29.26

ASEAN Digital Ministers' Meeting 2026: Spotlight on AI Cooperation in Asia's Rising Markets

The sixth convening of the Association of Southeast Asian Nations (ASEAN) Digital Ministers’ Meeting (ADGMIN) was held in Hanoi, Vietnam on January 15-16, 2026, under the theme “ASEAN Adaptive: From Connectivity to Connected Intelligence.” Senior government officials from across the 11 Southeast Asian nations that form the ASEAN bloc deliberated on key digital policy issues for the region’s economic growth, such as enhancing widespread AI adoption, combating online scams, promoting regional cyber resilience, and boosting digital infrastructure development.  These are aligned with the Philippines’ digital priorities as ASEAN’s Chair for 2026....