Summary
Artificial intelligence (AI) tool for uncovering historical acquisition information in order to understand the marketplace and previous prices paid.
When conducting market research, reviewing historical acquisition information obtained from previous procurements can be a practical method to help understand the marketplace and assess the availability of sources. As described in the Federal Acquisition Regulation (FAR) Section 10.002, a thorough review of acquisition histories on current or prior contracts for the same or similar items can help determine the type of market information needed for a particular acquisition.
Topical Group
Periodic Table Type
Automation
Problems Solved
- Support for uncovering historical acquisition information in order to understand the marketplace and previous prices paid
Benefits of Use
- Reduced labor time spent on manual tasks
- Reduced process/cycle time
Use Case and Documentation/Links
Card Filters Automation
Planned Projects
