L. 103–355) is a United States law that was enacted in 1994 with the goal of lowering procurement barriers.
This Act enables Simplified Acquisition Procedures where the procurement is limited, facilitates reliance of Commercial off-the-shelf (COTS) technology, and promotes the use of fixed-price Performance Based Contracting.
The law alters the United States government procurement strategy from lowest bid to best value.
Contracts must meet 90% of their performance goals or face termination.
This United States federal legislation article is a stub.