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Contracting for Best Value

Description

This two-day elective course will introduce you to the process of best value acquisition by focusing on the acquisition planning process regardless of contract type. You will learn how to think strategically about the outcome, apply planning processes, and select appropriate evaluation factors. This course will demonstrate how to ensure the best value outcome to the greatest benefit of the federal government.

Learning Objectives

  • Define acquisition planning, contracting methods, contract types, and best value
  • Explain the best value continuum
  • Describe the tradeoff approach to source selection and list the advantages and disadvantages of using this method
  • Explain the concept of best value acquisition
  • Develop evaluation criteria plans
  • Evaluate offers and select the right contractor
  • Review how to debrief unsuccessful offers

NCMA Competencies

A.1, A.2, A.3, B., B.2, B.3, B.4, B.5, B.6, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1

Course ID

CBV-EL

Length

2 Days

CLPs

16

PDUs

16

Modality

In-person

Virtual

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© 2024 Business Management Research Associates, Inc. | All Rights Reserved

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