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The government doesn't have to select the lowest bidder, that is a misconception. If they think the bid is too low, they can "risk up" the cost, adding in the
by stripline 6y ago
The government doesn't have to select the lowest bidder, that is a misconception. If they think the bid is too low, they can "risk up" the cost, adding in the cost of the additional risk not accounted for. The FAR specifies that they select for best value.
https://blog.theodorewatson.com/understanding-the-federal-government-best-value-procurement-system-under-far-part-15/ https://blog.theodorewatson.com/understanding-the-federal-go...
- garmaine 6y agoI know! I used to be a government contractor. I was rather pointing out that the failure mode in question only arises when budget is the deciding issue between proposals. A proper procurement process decides based on delivered value, however.