§1140 Contracts That Provide Best Value for Taxpayer

Summary

The Commandant may announce the Coast Guard’s Level 1 or Level 2 construction, design, and engineering needs and hire firms based on their skills and fair prices. Firms must send statements about their qualifications and past work. The Commandant will review those statements, talk with firms about ideas and methods, and rank them using criteria the Commandant publishes. The Commandant must try to negotiate one or more contracts at prices found to be fair and reasonable, taking into account the work’s scope, complexity, professional nature, and estimated value. If talks with the top firm fail, the Commandant must stop those talks and negotiate with the next firm, and keep doing this or add more firms until one or more agreements are reached.