What is best value and must factors and relative importance be detailed in the RFQ in all situations; 8, 12, and13?
How do you document best value?
To answer the first question, "What is best value?," the best place to go would be FAR Part 2. There best value is defined as, "the expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement." For the remainder of the question, I would refer the enquirer to FAR 13.106-2. The reference explains precisely how to evaluate quotations or offers using simplified acquisition procedures (SAP). One can readily determine that the contracting officer has wide latitude on the evaluation of offers using SAP. Of particular importance is paragraph (b) which speaks to evaluation procedures. Paragraph (b)(3)(ii) explains the basis for the contracting officer's decision.
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