406 – What is Best Value?

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In this episode we describe the best value continuum.  We explain how the Government is always looking for “best value” through every acquisition.  The question becomes where on the continuum does a specific acquisition lie?

On one end is the Lowest Price Technically Acceptable (LPTA) and on the other end of the continuum is a full trade off.  This episode helps you understand where your acquisition fits on the continuum.