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  • best value

    The expected outcome of an acquisition that, in the Government's estimation, provides the greatest overall benefit in response to the requirement. It represents the most advantageous tradeoff between price and performance for the government. Best value is determined through a process that compares—in accordance with selection criteria—strengths, weaknesses, risk, price, and performance to select the value that is most advantageous to the government. An agency can obtain best value in negotiated acquisitions by using any one or a combination of source selection approaches.

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