Value Over Cost Act of 2026

Bill 119 hr 1118, also known as the "Multiple Award Schedule Enhancement Act of 2021," aims to make changes to title 41 and title 10 of the United States Code in order to improve the multiple award schedule program. The multiple award schedule program is a procurement program that allows federal agencies to purchase goods and services from pre-approved vendors at pre-negotiated prices.

The bill seeks to enhance the program by promoting best value for the government and taxpayers. This includes ensuring that federal agencies are able to obtain the goods and services they need in a timely and cost-effective manner. The bill also aims to increase transparency and competition within the program, as well as improve the overall efficiency and effectiveness of the procurement process.

In addition to these goals, the bill also includes provisions for other purposes related to the multiple award schedule program. These may include measures to streamline the program, reduce administrative burdens, and enhance oversight and accountability. Overall, Bill 119 hr 1118 is focused on improving the multiple award schedule program in order to provide the best value for the government and taxpayers. It aims to make the procurement process more efficient, transparent, and competitive, while also ensuring that federal agencies are able to obtain the goods and services they need in a timely and cost-effective manner.