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PriceEdge from IHS Markit

PriceEdge creates a fair market price, based on historical contract award prices for most parts procured by the Department of Defense. In addition, PriceEdge is directly integrated with your internal pricing and contracting systems ensuring you have access to the most up-to-date and relevant pricing information for analysis and decision support.

Unify pricing information across your organisation

  • Significantly improve your capture rates on defence contracts
  • Ensure you are getting the best prices from your suppliers
  • Dramatically compress your bid cycles and reduce time to “bid” or “no bid” decisions
  • Leverage pricing on hundreds of millions parts in addition to your internal procurement and contract histories
  • Develop a reasonable and highly defensible price that is in-line with economic conditions
  • Bid with confidence knowing your methodologies are FAR compliant and consistent with the DAU guidelines
  • Improve auditability and streamline compliance traceability with an audit ready report on every part

What's Included

Unify your pricing information

PriceEdge can unify pricing information across your organization to help you:

  • Significantly improve your capture rates on defense contracts
  • Ensure you are getting the best prices from your suppliers
  • Dramatically compress your bid cycles and reduce time to “bid” or “no bid” decisions
  • Leverage pricing on hundreds of millions of parts in addition to your internal procurement and contract histories
  • Develop a reasonable and highly defensible price that is in-line with current economic conditions
  • Bid with confidence knowing your methodologies are FAR compliant and consistent with the DAU guidelines
  • Improve auditability and streamline compliance traceability with an audit ready report on every part
Use PriceEdge to improve your Pwin

PriceEdge delivers the data, analysis and audit traceability you require to have confidence in your bids while systematically improving your Pwin:

  • Integration of your internal procurement history including pricing data and contract history
  • Access external historical contract pricing data, part level detail and analysis
  • Bureau of Labor Statistics (BLS) data
  • Market price estimation tools
  • Management data – part status
  • Part level technical parameters
  • Learning curve based quantity-price calculations
  • Multi-engine web search for commercial prices
  • Similarity part search for items with limited contract history
Find out more

Contact us today to see how PriceEdge will help you increase throughput, reduce your time and resources on each bid, and increase your margin while ensuring consistent improvement.


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