ADEQUACY OF PRICING IN THE OBJECT'S ESTIMATE

Assessment of the compliance of the object’s cost estimate: with established requirements, average market prices, and, if necessary, the project; taking into account the specific resources and capabilities of the supplier.

Methods and procedures for performing the work:

• Construction Norms and Regulations — (SNiP);

• Unified Norms and Rates — (ENiR);

• Construction Resource Prices (CRP), published by the Construction Estimators Association;

• Technical Regulation — on determining overhead costs and planned profit in public procurement of construction works (Resolution of the Government of Georgia No. 55, January 14, 2014);

• Technical Regulation — “Methodology for determining the adequacy of cost estimate preparation for construction works” (Resolution of the Government of Georgia No. 439, September 26, 2017);

• VNiR — “Departmental Norms for Construction Works”;

• VZER — “Collection of Zonal Unit Norms for Repair and Construction Works”;

• SSN — “Norms and Rules for Restoration and Rehabilitation Works of Historical and Cultural Monuments”;

• GO2-MP-3-0218 — Inspection Procedures.