What is a “best value” determination?
Schedule buyers award task/delivery orders to FSS contractors based upon a “best value” determination. Best Value is the “expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement.” Factors that are considered when making a best value determination include (but are not limited to): • Price • Special features of the service or supply required for effective performance • Past performance records • Quality of the proposed solutions and cost differences • Trade-in considerations • Warranty • Delivery terms • Expertise of the offeror • Socioeconomic status Best value determinations can result in improved mission performance and lower procurement costs, while encouraging Schedule contractors to provide their best services and supplies to the Government.
