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Showing results for tags 'value adjusted total evaluated price'.
VATEP is a new method of acquisition that the DoD announced in April 2016. VATEP, which stands for Value Adjusted Total Evaluated Price, is a variant on best value procurements, and seeks to quantify technical superiority in dollar terms when there is a cost/technical tradeoff. It should, in theory, make it easier for the contractor to understand how much it will be rewarded for offering a technically superior proposal. It should also make it easier for the Government to evaluate such proposals. Read the full article at Petrillo & Powell's Patterns of Procurement to learn more about the advantages and disadvantages of competing for VATEP procurements.