Promoting Value Based Defense Procurement Act

Promoting Value Based Defense Procurement Act This bill directs the Department of Defense (DOD) to use Lowest Price Technically Acceptable (LPTA) source selection criteria for new solicitations only in situations in which: DOD is able to clearly describe the minimum requirements expressed in terms of performance objectives, measures, and standards that will be used to determine offer acceptability; DOD would realize no, or minimal, value from a contract proposal exceeding minimum technical or performance requirements; the proposed technical approaches will require no, or minimal, subjective judgment of competing proposals; a review of technical proposals other than the lowest bidder's would result in no, or minimal, benefit to DOD; and the contracting officer has included a justification for the use of LPTA evaluation methodology if the contract is predominately for the acquisition of information technology services, systems engineering and technical assistance services, or other knowledge-based professional services. LPTA source selection criteria shall be avoided when the procurement is predominately for the acquisition of information technology services, systems engineering and technical assistance services, audit or audit readiness services, or other knowledge-based professional services.