Definition

Automated Best Value System (ABVS)

In government contracting, Automated Best Value System is a calculated formula that assesses past performance based on quality, delivery and packaging performance. ABVS is an evaluation factor and may be the basis for award at other than the lowest price. Vendors with no history are scored 999.99 with no negative impact. Maximum possible score is 100. The score is not a percentage.

This was last updated in April 2010

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