Which of the following statements is true regarding the lowest price technically acceptable (LPTA) source selection approach?

The statement that all non-price factors are evaluated on a pass/fail basis is accurate in the context of the lowest price technically acceptable (LPTA) source selection approach. In LPTA evaluations, the main focus is to identify the offers that meet the technical requirements at the lowest acceptable price.

In this approach, proposals must first pass the minimum technical requirements set forth in the solicitation. Non-price factors, such as technical acceptability, are assessed to determine if they meet the specified criteria, and those that do are deemed acceptable. This pass/fail assessment allows for a clear distinction between acceptable and unacceptable proposals, ensuring that only those meeting essential technical requirements are considered further in the evaluation process.

Price, while a critical factor in LPTA, is considered only after determining whether a proposal meets the technical standards. Thus, those proposals that are technically acceptable are then ranked by their price, leading to the award of the contract to the lowest-priced acceptable proposal. This structured approach emphasizes the importance of meeting technical requirements as a baseline before price considerations come into play.