Tag Archive for: FAR

What is Lowest Price Technically Acceptable (LPTA)

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…
A Guide to Federal Acquisition Regulations or FAR

A Guide to Federal Acquisition Regulations or FAR

The FAR, or Federal Acquisition Regulation, is a set of rules and guidelines issued by the federal government to standardize the contracting process for all government acquisitions. These regulations are essential for businesses looking to…
Different types of Government Contracts

Government Contractors! Know Your Contract Pricing Models

There are many different types of government contracts, and each has its own set of rules and regulations under the Federal Acquisition Regulations System (“FAR”). The FAR was established for the codification and publication of uniform…