Contracting for Best Value

Course ID

CBV-EL

Continuous Learning Points (CLPs)

16

Course Length

2 Days

Modality

In-Person 

Virtual

Rating

Testimonial

"Innovative and interactive learning! I highly recommend this course." – 2019 participant

Description

This two-day, elective course introduces participants to the process of best value acquisition by first walking through the acquisition planning process no matter what the contract type. By thinking strategically about the outcome, applying planning processes, and selecting appropriate evaluation factors in the acquisition process, a best value outcome is assured, and the greatest benefit to the Federal Government in response to the requirement is achieved. This course combines facilitated lecture with interactive discussion and case studies.

Learning Objectives

• Define acquisition planning
• Define contracting methods/contract types
• Define best value and explain the best value continuum
• Describe the tradeoff approach to source selection and list the advantages/disadvantages of using this method
• Explain the concept of best value acquisition
• Develop evaluation criteria plans
• Evaluate offers and select the right contractor; debrief unsuccessful offers
• Use new skills to plan and execute a given scenario (as a team)

Pre-Requisites

None