Lowest Price Technically Acceptable (LPTA) & Best Value (BV): Finding Common Ground in Government Acquisition

Lowest Price Technically Acceptable (LPTA) & Best Value (BV): Finding Common Ground in Government Acquisition

The FAR states that ”an agency can obtain best value by using any one or a combination of source selection approaches.” Under “Lowest Price, Technically Acceptable (LPTA)” (FAR 15.101-2), the relative importance of technical, past performance and cost or price elements of a proposal may vary and past performance need not even be a factor of consideration. The FAR states that LPTA “is appropriate when best value is expected to result from selection of the technically acceptable proposal with the lowest evaluated price.” 

Recently trends indicate the Federal Government relying more heavily on LPTA within the source selection process. What does this mean for government and industry? When is LPTA appropriate?  What types of requirements does LPTA apply to when compared with Best Value? What should the government contracting officer and program manager consider when developing their source selection strategy? What should a prospective contractor look for when reviewing the RFP? What are the indicators for ensuring the federal customer meets its needs under an LPTA source selection?  What must you know under this scenario?

Experts familiar with the Federal contracting source selection process will discuss this emerging trend from various perspectives.

Attending this event will help you understand:

• The basics in the processes and the difference between the two;  
• The policies and implications of using LPTA and BV;  
• How to use bid protest decisions to better understand the implications of using LPTA and BV;   
• How to mitigate risk using LPTA;  
• Best practices in using LPTA and BV strategies; and  
• Current day and evolving trends in using LPTA and BV in government acquisition.