PRICE¹⁾ is a sequence assembler that was built for iteratively extending small contigs or reads. It features scalable stringency: one advantage of this is that it can more flexible when coverage is low and more stringent when coverage is high. It primarily works by matching paired-end reads to either end of the initial contig or read–matching strand sense–then converging overlaps to extend the contig.

PRICE does not perform quality analysis of reads and evaluates all reads equally. Processing of the data should precede assembly using PRICE.