Contract Source Selection: An Analysis of Lowest Price Technically Acceptable and Tradeoff Strategies
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Source 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. Based on thorough market research, acquisition professionals must decide at an early stage whether to use a lowest price technically acceptable (LPTA) or tradeoff source selection strategy to evaluate proposals and determine which offer presents the best value to the government. The purpose of this research is to determine if a relationship exists between source selection strategy (LPTA or Tradeoff) and successful contract outcomes. Contract outcomes include procurement administrative lead-time, Contractor Performance Assessment Reporting System (CPARS) ratings, and, where available, earned value management (EVM) assessments. This research is part of an ongoing acquisition research stream. Our research incorporates new data extracted from a sample of 50 contract files and related documentation within two major systems commands: Space and Naval Warfare Systems Command and Naval Supply Systems Command.
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NPS Report NumberSYM-AM-17-180
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Bastola, Jatan; Findley, Kenneth E.; Woodward, Nathan T. (Monterey, California: Naval Postgraduate School, 2015-06);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 ...
Analysis of source selection methods and performance outcomes: lowest price technically acceptable vs. tradeoff in air force acquisitions Ban, Rebecca W.; Barnes, Brett O.; Comer, Matthew B. (Monterey, California: Naval Postgraduate School, 2015-12);As part of procurement planning, government acquisition teams must select a method by which proposals will be evaluated. The two most common methodologies are lowest price technically acceptable (LPTA) and tradeoff. There ...
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 ...