GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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1 of 172 terms matching "LPTA"
Lowest Price Technically Acceptable
An evaluation method where every acceptable proposal is compared on price alone. Cheapest acceptable wins.
When you see it
In Section M of commodity-like solicitations.
Do you need it
Do not write a premium technical solution for an LPTA. Write to acceptable, then price to win.
Where it comes from
FAR Part 15.
Related terms
Lowest Price Technically Acceptable
An evaluation method where every acceptable proposal is compared on price alone. Cheapest acceptable wins.
When you see it
In Section M of commodity-like solicitations.
Do you need it
Do not write a premium technical solution for an LPTA. Write to acceptable, then price to win.
Where it comes from
FAR Part 15.
Related terms
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