Frequently Asked Questions (FAQ’s)
What are the price analysis methods covered by SpendLogic?
SpendLogic enables users to conduct price analysis in accordance with most of the methods listed in FAR 15.404-1. These include:
- Historical Pricing
- Parametric Estimate
- Published Price List
- Market Comparables
For assistance with Independent Estimates or Cost Analysis (procurements >$750K), we recommend 23 Degrees Consulting.
Do you do custom installations of SpendLogic?
How does SpendLogic calculate price analysis values?
SpendLogic prompts for required data inputs and rationale that it then uses to develop a price analysis position. By requiring users to input data, SpendLogic is applicable to a very broad range of unique analysis requirements.
Is SpendLogic only for government contractors and subcontractors?
No. Although SpendLogic includes references to the Federal Acquisition Regulations (FAR) the price analysis methods will apply to any purchasing department. Companies across all industries will benefit from using SpendLogic.
How do I add new users?
Once your SpendLogic license is set up, you will be assigned a company admin account that will allow you to easily add or remove user privileges as needed.