The expected outcome of an acquisition that, in the Government’s estimation, provides the greatest overall benefit in response to the requirement. ( FAR Part 2.101)
means the lowest overall cost to the University after taking into consideration costs, benefits, and savings.
A result intended in the acquisition of all goods and services. Price must be one of the evaluation criteria when acquiring good and services. Other evaluation criteria may include, but are not limited to environmental considerations, quality, and vendor performance.