ANALYSIS OF VALUE ADJUSTED TOTAL EVALUATED PRICE (VATEP) SOURCE SELECTION METHOD
Franke, Lauren C.
Pelish, Barbara E.
Pickar, Charles K.
Mortlock, Robert F.
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This project examines the use of Value Adjusted Total Evaluated Price (VATEP) source selection method of evaluation. Using Department of Defense (DoD) procedural guidance and relevant literature, the authors analyzed the joint light tactical vehicles (JLTV) low rate initial production (LRIP) and full rate production (FRP) request for proposal. The authors assessed mathematical calculations utilized in the evaluation of the total evaluated cost/price factor, and a risk assessment was conducted. The authors found that VATEP is a great tool to incentivize above-threshold performance and bring about better DoD products. For any DoD entity trying to use VATEP, the authors recommend the use of well-defined performance incentives that are structured around specific performance attributes, and adjustment values be reasonable and well documented. Government agencies should thoroughly research regulations and statutes pertaining to the criteria; deviations may be required for DoD procedures, policy, and regulations. Early and frequent communication with industry is critical to VATEP success. Any proposed performance should become contractually binding.
RightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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