$1.$ The FAR requires contracting officers to purchase supplies and services from responsible sources at fair and reasonable prices. Discuss the various techniques outlined in FAR Part $15$ for analyzing price reasonableness, such as comparison to market prices or previous contracts. What factors should be considered in determining which approach to apply? How can pricing analysis strategies account for unique circumstances like sole source procurements?

$2.$ Commercial item contracting aims to take advantage of innovative goods and services developed in the private sector by allowing agencies to buy them faster and with less oversight using simplified FAR Part $12$ procedures. Compare and contrast pricing commercial versus non$-$commercial items. What data points, price analysis criteria, and negotiation strategies should be leveraged?

$3.$ Contract types impact how prices are structured, with implications for both buyers and sellers. For example, fixed$-$price contracts place maximum risk on the contractor, while cost$-$reimbursement contracts shift more risk to the government. Choose two contract types addressed in FAR Part $16$ and analyze their unique pricing considerations, risks, and incentivization approaches. How should acquisition professionals factor these implications into contract$-$type selection decisions?