In the current fiscal environment, there is an even stronger focus on being a good steward of taxpayer dollars. That is certainly commendable and definitely what is expected by John Q. Public. The recent trend to uphold that trust placed in the Government has been toward awarding contracts on a lowest price technically acceptable (LPTA) basis. On the surface it seems reasonable. Why would or should the Government pay more than necessary for what the contract requires?
The obvious answer is that it shouldn’t. Doing so would be a waste of taxpayer money and potentially land the agency on the front page of the papers with another story about a golden hammer. If we examine the situation a little deeper though, we may find that the obvious answer is not always the correct answer. [Read more...]