Course Description

This two-day elective course will guide you in understanding the importance of learning the trade-off approach used in achieving a best-value acquisition (BVA). During this course, you will learn how to best select a trade-off and the steps in constructing, planning, conducting, and fully executing a BVA. At the conclusion of this course, you will understand the outcomes and how to ensure best-value source selections.

Learning Objectives

• Understand the performance standards for the acquisition system as set forth in the FAR
• Identify the type of acquisitions that should not use source selection procedures
• Describe the Value Adjusted Total Evaluated Price (VATEP) source selection procedure and identify its position on the best value continuum
• Implement “best practices” to improve tracking of contractor performance and understand how to mitigate unsuccessful contractor performance
• Define the two major categories of contract types and their risks

For more information, please contact businessdevelopment@bmra.com or call us at (703) 691-0868 ext. 100.