lowest price technically acceptable (LPTA)
See the following -
IT Acquisition Bill Would Push 'Bid-To-Price' Selection Process
Matthew Weigelt | FCW | March 15, 2013
An updated draft Federal IT Acquisition Reform Act might open the door to a new way of choosing how to evaluate contractors’ proposals, and because the source selection technique would be in a statute, agencies could slowly shift toward that approach. Read More »
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