CON 3900/ CON 3990 Source Selection FAR Part 15/Latest Updated A+ Guide Solution

Aquisition Process 1. Requirement 2. Market reasearch 3. Risk analysis 4. Acquisition strategy/ Aquisition plan 5. RFP 6. Source selection 7. Execution Types of Source Selection 1. Lowest Price Technically Acceptable (LPTA) 2. Tradeoff Process LPTA - Usage 1. Well defined requirements 2. Limited risk of technical failure 3. Mature environment - mostly concerned about cost; technical is pass/fail or acceptable/unacceptable 4. Appropriate for commercial or non-complex items LPTA - Facts 1. Lowest evaluated priced proposal meeting or exceeding the acceptability standards for non-cost factors 2. Evaluation Factors and Significant Subfactors establish the requirements of acceptability 3. Tradeoffs not permitted 4. Proposals are evaluated for acceptability but not ranked using non-cost/price factors 5. Exchanges may occur