Value Over Cost Act

United States118th CongressHR-9596House of Representatives
Updated: Dec 19, 2024

Summary

Value Over Cost Act 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.)

Bill texts

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Timeline

  1. Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    Senate

  2. Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.

    Senate

  3. Placed on Senate Legislative Calendar under General Orders. Calendar No. 755.

    Senate

  4. Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters without amendment. With written report No. 118-335.

    Senate