Question: Why must contract professionals consider socioeconomic laws when determining the best value for Government acquisitions? -Socioeconomic laws promote the best value by ensuring contract professionals

Why must contract professionals consider socioeconomic laws when determining the best value for Government acquisitions?

-Socioeconomic laws promote the best value by ensuring contract professionals select the lowest cost solutions, which save taxpayer funds

-Socioeconomic laws promote the best value by ensuring contract professionals select the solutions based on the total cost of ownership, which prevents the waste of taxpayer funds

-Socioeconomic laws advance socioeconomic reform by incorporating public good into best value acquisitions

-Socioeconomic laws ensure best value solutions by preventing unqualified vendors from bidding on government acquisitions

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