Electronic Code of Federal Regulations
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e-CFR data is current as of March 5, 2021 |
Title 48 → Chapter 1 → Subchapter C → Part 15 → Subpart 15.1 → §15.101 |
Title 48: Federal Acquisition Regulations System
PART 15—CONTRACTING BY NEGOTIATION
Subpart 15.1—Source Selection Processes and Techniques
15.101 Best value continuum.
An agency can obtain best value in negotiated acquisitions by using any one or a combination of source selection approaches. In different types of acquisitions, the relative importance of cost or price may vary. For example, in acquisitions where the requirement is clearly definable and the risk of unsuccessful contract performance is minimal, cost or price may play a dominant role in source selection. The less definitive the requirement, the more development work required, or the greater the performance risk, the more technical or past performance considerations may play a dominant role in source selection.