Tradeoff definition

Tradeoff means that the Government may accept other than the lowest priced quotation, where the decision is consistent with the evaluation criteria and the Government reasonably determines that the perceived benefits of a higher priced quotation warrant the additional price.
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Tradeoff means an analysis technique involving a comparison of price and non-price factors to determine the best value when considering the selection of other than the lowest priced proposal.
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Examples of Tradeoff in a sentence

  • Table 1: Trade-off analysis between Ethereum, Fabric, Sawtooth, and Iroha.

  • Trade-off time may also be earned by working on inclement weather days or other Act of God days at the mutual agreement of the employee’s non-bargaining unit supervisor.

  • Trade-off time will be granted only when the bargaining unit employee is requested by his/her non-bargaining unit immediate supervisor to work during a weekend, holiday, or other non-contract day.

  • Trade-off considerations may result in the determination that it is in the best interest of the Government to award to other than the lowest priced Offeror or other than the highest technically rated Offeror.

  • Customer is entitled to request from Supplier modifications in the design and construction of the Contract Products during the Planning Zone and the Trade-off Zone (as those terms are defined herein).

  • Best Value Subjective Trade-off procedures will be utilized with award made based on the best overall (i.e., best value) proposal that is determined to be the most beneficial to the Government, with consideration given to price and non-price factors.

  • The evaluations will be conducted utilizing either LPTA or Trade-off processes in order to make the best value determination and will be outlined in the ITO.

  • Dictating terms not listed or in violation of the Prime Contract, Prime Contract SOW, ITO, or other requirement documents will result in an evaluation determination of “Technically Unacceptable” (If Lowest Price Technically Acceptable (LPTA) process is used) or be evaluated as a Deficiency (If the Tradeoff process is used).

  • The source selection process will be conducted IAW FAR 15.101-1 Best Value, Tradeoff approach, where it is in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror.

  • The Government will utilize the subjective Tradeoff source selection process.

Related to Tradeoff

  • trader means the party identified as such in this Agreement;

  • Rotogravure coating means the application of a coating material to a substrate by means of a roll coating technique in which the pattern to be applied is recessed relative to the non-image area, and the coating material is picked up in these recessed areas and is transferred to the substrate.

  • Stack means any point in a source designed to emit solids, liquids, or gases into the air, including a pipe or duct but not including flares.

  • Tool means the tool developed in accordance with Section 35A-15-303.

  • Gearing means -1; "Option" means Put;