Get Price Negotiation Memorandum

The Price Negotiation Memorandum (PNM) is a critical document used to outline the terms and agreements reached during negotiations for firm fixed price contracts. This guide will provide a step-by-step approach to assist users in completing the PNM online effectively.

Follow the steps to fill out the Price Negotiation Memorandum online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Review the introductory summary section thoroughly. This part includes essential details about the negotiation, the involved parties, and the context for the PNM. Ensure that all information regarding participants and objectives is accurate.
3. In the summary of the contractor’s proposal, fill in the proposed amounts, objective, and negotiated price clearly. Make sure to detail the cost, profit, and total price as specified in the memorandum.
4. Address the authority to negotiate. Confirm the existence of blanket authority and include references to the supporting documentation provided by the PCO.
5. Review legal considerations that may apply. Specify if a legal review has been conducted and describe any pertinent regulatory requirements for the contract.
6. Assess the necessary certifications, such as procurement integrity certificates, and include confirmations accordingly within the document.
7. Provide any necessary descriptions of the acquisition, detailing the non-competitive aspects of the negotiations, and clarify the items being negotiated.
8. Outline the negotiation objectives section clearly, indicating how the pricing was established, including the contractor's efforts and justifications for the final price.
9. Compile all attachments as indicated in the memorandum. Ensure each document cited is included and clearly referenced in the final memorandum.
10. Once all fields are filled out and reviewed for accuracy, users can save changes, download, print, or share the completed Price Negotiation Memorandum.

Complete your Price Negotiation Memorandum online today to streamline your negotiation process.