Defense Primer: Lowest Price Technically Acceptable Contracts (CRS Report for Congress)
| Release Date |
Revised Aug. 15, 2024 |
| Report Number |
IF10968 |
| Report Type |
In Focus |
| Authors |
Heidi M. Peters, Brendan K. McConnaughay |
| Source Agency |
Congressional Research Service |
| Older Revisions |
-
Premium Revised March 30, 2023 (2 pages, $24.95)
add
-
Premium Revised Dec. 16, 2021 (3 pages, $24.95)
add
-
Premium Revised Dec. 15, 2021 (2 pages, $24.95)
add
-
Premium Revised Jan. 22, 2021 (148 pages, $24.95)
add
-
Premium Revised Jan. 31, 2020 (154 pages, $24.95)
add
-
Premium Sept. 4, 2018 (2 pages, $24.95)
add
|
Summary:
When procuring goods or services, the Department of
Defense (DOD) generally seeks to obtain the best value for
the government by encouraging full and open competition,
as required by the 1984 Competition in Contracting Act
(P.L. 98-369, also known as CICA). Full and open
competition occurs when all eligible prospective contractors
are permitted to submit bids or proposals in response to a
proposed contract action.
Best value, when used in the context of government
procurement, refers to the expected outcome of an
acquisition that, in the government’s estimation,
provides the greatest overall benefit in response to
the requirement (Federal Acquisition Regulation
2.101).
