When using the phrase, "price has to be part of the competition," what should parties clarify?

When discussing the phrase "price has to be part of the competition," it's crucial for the parties involved to clarify which specific aspect of the price is being referenced. This might include various components such as unit prices, overall project costs, pricing strategies, discounts, or any additional charges that may apply. The clarity of this aspect ensures that all parties have a mutual understanding of what is being competed on, which can significantly impact decision-making during the bidding or negotiation process. If parties do not specify which elements of the price are relevant, it may lead to confusion or differing interpretations, potentially undermining the competition's fairness and clarity.

Understanding the nuances of pricing is vital in ensuring that all bidders are on an equal playing field and that comparisons can be made fairly. This allows for a more informed choice and fosters a transparent procurement process.