Answered: Contracting by Negotiation provides the…

Contracting by Negotiation provides the Government flexibility with the use of the Best Value Continuum. Explain Best Value Continuum.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1dM

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Question

Contracting by Negotiation provides the Government flexibility with the use of the Best Value Continuum. Explain Best Value Continuum.

Expert Solution

Step 1

The Best Value Continuum is a concept used in the procurement of goods and services by government agencies through the Contracting by Negotiation method. It refers to a range of trade-offs that can be made between cost and other evaluation factors such as technical capability, past performance, and experience.

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