Understanding the Lowest Price Technically Acceptable (LPTA) Source Selection Process in Government Contracting
It’s imperative for Government Contractors to understand the intricacies of the source selection process, especially when it comes to selecting the right vendor based on price and technical specifications. One of the most talked-about processes in this regard is the Lowest Price Technically Acceptable (LPTA) method. Governed by the Federal Acquisition Regulation (FAR) 15.101-2, the […]