Value Over Cost Act of 2026
In committeeValue Over Cost Act of 2025 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.)
Jul 22, 2026Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Passed
The Value Over Cost Act of 2026 aims to amend existing U.S. Code to prioritize best value in government contracts, allowing for either the lowest cost or best value as determined by the Administrator of General Services. The bill is narrowly focused on procurement processes and does not include provisions for enforcement or financial accountability.