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118-hr-9596Introduced
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Value Over Cost Act

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Summary

Official CRS summary

of 2024 This bill specifies that contracts and orders under the multiple award schedule program of the General Services Administration (GSA) may be evaluated on best value, rather than lowest overall cost, if the GSA determines that to be in the best interests of the federal government. (Best value allows consideration of non-cost factors when evaluating contract proposals to determine the offer that provides the greatest overall benefit. The GSA's multiple award schedules provide federal agencies with a simplified process for obtaining commercial supplies and commercial services at prices associated with volume buying.)

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Bill details

Congress
118
Bill type
hr
Introduced
September 16, 2024
Sponsor
Not yet available
Last action
December 19, 2024— Placed on Senate Legislative Calendar under General Orders. Calendar No. 755.

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