On the recordNovember 12, 2024
Mr. Speaker, I rise today in strong support of the Value Over Cost Act. This is a simple, commonsense piece of legislation that modernizes the antiquated Federal procurement process. Specifically, this bill provides the General Services Administration with additional contracting flexibility by allowing for the consideration of best value in addition to the lowest overall cost alternative. Instead of just looking at the initial price tag, the Federal Government should be fiscally responsible and also consider the contractual value of products and services over time, if it is in the best interest of the Federal Government. Ultimately, my bill increases contractual flexibility and contracting competition, provides clarity for acquisition stakeholders, maximizes the Federal Government's ability to procure modern technology, and helps the small business community by reducing regulatory burdens associated with Federal procurement. In sum, I urge my colleagues to vote in favor of this commonsense piece of legislation.





