A new bill aims to reform the way agencies use “lowest-price, technically-acceptable” for their procurements.
The “Promoting Value Based Procurement Act of 2017” — sponsored by Rep. Mark Meadows, R-N.C., and Rep. Don Beyer, D-Va. — would reform the Federal Acquisition Regulation to require civilian agencies to do the following when it comes to applying LPTA in contract bids:
- Comprehensively and clearly describe the minimum requirements in terms of performance objectives, measures and standards that will be used to determine acceptability of offers.
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