In the current fiscal environment, there is an even stronger focus on being a good steward of taxpayer dollars. That is certainly commendable and definitely what is expected by John Q. Public. The recent trend to uphold that trust placed in the Government has been toward awarding contracts on a lowest price technically acceptable (LPTA) …
Continue reading “Is Lowest Price Technically Acceptable (LPTA) Always The Best Deal?”
Sound familiar? A complex professional service contract is awarded using the LPTA approach…..it costs millions more than expected. A recurring supply of widgets or routine services is obtained using a Best Value approach. The delivery is delayed months and when combined with the final price of the contract…..results in avoidable costs of millions. The lesson: …
Continue reading “Best Value or LPTA? One Size Does Not Fit All in Acquisition”
