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But It Hasn't Been Designed Yet!

from By Craig H. Unger, DBIA, Integration Quarterly

LPTA is a procurement process wherein an agency/owner selects the lowest bid provided the bidder meets minimum standards. In today’s budget-constrained environment, LPTA is becoming a more widely used technique for source selection by a few federal government agencies. While some industry leaders argue that LPTA can work to achieve cost savings if the project requirements and criteria are clearly defined in detail, critics assert LPTA stifles innovation, leads to change orders, cost overruns and other unknowns which virtually never provide best value. more

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