2Is Inc. Analytic Pricing Platform

2Is Inc. Analytic Pricing Platform (2APP) is a Software as a Service (SaaS) tool that aids buyer teams in bidding competitively in the context of the current market. 2APP uses available historical procurement data, material data, Bureau of Labor Statistics (BLS) data, learning curves, and proprietary data to generate price estimates for individual parts and for a batch of parts. 2APP increases buyer consistency in price reasonableness determination and supplier negotiations, reducing the time and cost required to prepare audit-ready awards.

2APP supports two methods of generating market price estimates to be used in price reasonableness analysis, in accordance with FAR 15.404-1(b)(ii):

1. Similar Part Pricing calculates price estimates based on other parts with similar characteristics and historical contract data.
2. Same Part Pricing calculates price estimates based on historical contract data associated with the same part.

2APP uses public and corporate procurement history data, technical characteristics data, and BLS data to generate price estimates for an individual part and for a batch of parts. Users may compare these price estimates to historical data to gain an initial understanding of how their estimates or supplier quotes compare to the price points dictated by the current market conditions.

2APP also offers part details, a multi-engine web search that queries many search engines simultaneously, and a similarity search functionality to locate similar parts.