Value Over Cost Act of 2026
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Value Over Cost Act of 2025 aims to change how the federal government purchases goods and services through its Multiple Award Schedule program. It requires federal agencies to prioritize the ‘best value’ when awarding contracts, not just the lowest price. This means agencies can select a vendor that offers the most comprehensive solution, considering factors beyond just cost, if it aligns better with their needs. The bill updates regulations within the U.S. Code to reflect this shift in procurement priorities.
Key provisions
- Requires federal agencies to consider ‘best value’ when awarding contracts through the Multiple Award Schedule program.
- Allows the Administrator of General Services to prioritize ‘best value’ over simply the lowest cost.
- Updates regulations in Title 41 (U.S. Code) regarding the Multiple Award Schedule program.
- Updates regulations in Title 10 (U.S. Code) regarding contract procedures.
- Defines ‘best value’ using the criteria outlined in the Federal Acquisition Regulation (FAR) section 15.101.
Who is affected
- Federal Agencies
- Vendors participating in the Multiple Award Schedule program
- The General Services Administration
Notable changes
- Shifts the focus of federal procurement from solely cost to ‘best value’.
- Provides greater flexibility for agencies to select vendors based on a broader range of criteria.
Bill text
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