This alert takes a more detailed look at these publications and discusses select policy changes, initiatives and goals set forth by the Administration and their potential impact.
The Federal Acquisition Regulation (FAR) Council recently issued its long-awaited final rule limiting the ability of civilian agencies to use the Lowest Price Technically Acceptable (LPTA) procurement method. The final FAR rule which takes effect on February 16, 2021, and largely tracks the language contained in the Defense Federal Acquisition Regulation Supplement (DFARS) final rule from 2019 is codified at FAR 15.101-2.
What is LPTA?
The LPTA method is a competitive negotiation source selection process where the non-price factors of a proposal are evaluated to determine which proposals are technically acceptable, and an award is then made to the technically acceptable offeror with the lowest price.
The Federal Acquisition Regulation (FAR) Council recently issued its long-awaited final rule limiting the ability of civilian agencies to use the Lowest Price Technically Acceptable.