Analysis of contract source selection strategy
Findley, Kenneth E.
Woodward, Nathan T.
Rendon, Rene G.
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The Department of Defense (DOD) spends billions acquiring weapons systems, supplies, and services. The contract management process has to be executed diligently to ensure the government is receiving the highest return on investment. The process has six steps, two of which relate to the source selection strategy: solicitation planning and source selection. Once the acquisition team determines whether to use a lowest price technically acceptable (LPTA) or Tradeoff source selection strategy, they evaluate proposals to determine which offer presents the best value to the government. The purpose of this research is to explore potential relationships between the source selection strategy (LPTA or Tradeoff) and resultant contract outcomes. This research uses data collected from contract files and related documentation from two major systems commands (Naval Air Systems Command and Naval Sea Systems Command) to show the implication of the LPTA and Tradeoff source selection strategies. The findings suggest that an LPTA source selection strategy has a significantly shorter lead-time to contract award. The findings should be viewed with caution, however, as the sample size consisted of only six LPTA contracts. This report concludes with two recommendations to improve further research on choosing a source selection strategy and contract outcomes.
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Contract Source Selection: An Analysis of Lowest Price Technically Acceptable and Tradeoff Strategies Osman, Jamal; Hill, David; Odom, David; Paulk, Wesley (Monterey, California. Naval Postgraduate School, 2017-04-27); SYM-AM-17-180Source selection planning is an integral part of the acquisition process. Use of an appropriate source selection strategy is key to minimizing risk and ensuring best value to the customer, the service, and the taxpayer. ...
Baker, Jacob T.; Bono, Michael J.; DeVoe, Justin T. (Monterey, California: Naval Postgraduate School, 2016-06);The Department of Defense (DOD) spends hundreds of billions of dollars annually to procure highly complex weapon systems, supplies, and services. Due to recent budget constraints, DOD stakeholders are closely examining the ...
Contract source selection: an analysis of lowest price technically acceptable and tradeoff strategies Hill, David W.; Odom, David F.; Osman, Jamal M.; Paulk, Wesley J. (Monterey, California: Naval Postgraduate School, 2016-06);Source selection planning is an important step within the acquisition process. Use of an appropriate source selection strategy is key to minimizing risk and ensuring best value for all stakeholders. On the basis of thorough ...