contract performance

Insights on Low Price, Technically Acceptable, Low Price (LPTA) procurements

By Lohfeld Consulting, April 19, 2012

As the government moves into an era of tighter budgets, we’re seeing procurement strategies shift from the traditional “best value” award criteria where the government could award to other than the lowest priced offeror to an alternate evaluation criteria called “Low Price, Technically Acceptable (LPTA).”