DENVER, July 10,
2024 /PRNewswire/ -- Valid Eval, a provider of
secure SaaS platform solutions that manage complex group
evaluations, today announced a major milestone in its history of
improving U.S. government acquisitions efficiency and effectiveness
– managing the evaluation of 12,697 government program proposals
without a single sustained bidder protest. The company's track
record extends back to June 2019,
when its first U.S. government customer selected Valid Eval's
software to manage the bidding process for a small unmanned
undersea vehicle program.
According to the most recent U.S. Government Accountability
Office annual report, an average of 1,985 procurement decisions per
year have been protested by bidders each year since 2019, with an
average of about 28 percent sustained during that time frame. In
contrast, across the nearly 13,000 program proposals evaluated by
government procurement professionals since June 2019 using Valid Eval's software only one
protest was filed with the GAO and was recently notified it was not
sustained.
"We are well on our way to 'protest-proofing' the competitive
government awards process by codifying a trust chain to make it
easier to evaluate, make decisions, debrief and close the loop,"
said Adam Rentschler, CEO and
co-founder of Valid Eval. "This is a reflection of the
unprecedented, disciplined approach and documentation that Valid
Eval brings to the acquisition and evaluation process."
Valid Eval achieved this milestone by implementing its system
across multiple programs within the Department of Defense and
Federal government, providing a secure, transparent, accountable
process that provides all relevant information and data at the
click of a button. Industry partners and government participants
receive transparent evaluations that remain true to the
solicitation's evaluation criteria while allowing for fair and fast
decisions.
"Small and nontraditional businesses are critical to
revolutionizing Army technology so that our Soldiers have the most
advanced capabilities on the battlefield. Being able to efficiently
award nondilutive capital and speed the process of transition and
fielding is key to giving our military the decisive edge," said Dr.
Matt Willis, director of Army Prize
Competitions and the Army Applied SBIR Program. "The fact that we
have a reliable, defensible and transparent platform to streamline
evaluations means that we can advance Army critical priorities
while providing a beneficial experience to companies who want to
contribute to the mission."
During a typical U.S. government procurement activity, each
round of evaluations, before, during, and after the award, are open
to protest by the offeror of services to the government. Protests
result in both additional monetary cost to U.S. government programs
to further adjudicate these claims, as well as time delays in the
acquisition of the necessary goods, technology or service sought in
the protested procurement program.
About Valid Eval
Valid Eval is an online evaluation
system for organizations that make and defend tough decisions. Its
secure SaaS platform works efficiently at virtually any scale to
allow customers in the private and government sectors to involve a
wide range of applicants, subjects, domain experts, and judges in
evaluation and decision-making processes —all with an unprecedented
degree of transparency, efficiency and accountability that builds
trust in the process. Combining best practices from the learning
sciences and systems engineering, Valid Eval delivers defensible,
data driven results and provides robust reporting tools that help
measure and monitor performance and demonstrate mission alignment.
Learn more at: https://valideval.com/
Media Contact:
Sandra Perez
sandra@gladiuspr.com
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content:https://www.prnewswire.com/news-releases/valid-eval-announces-historic-milestone-helps-government-customers-achieve-zero-sustained-protests-across-nearly-13-000-proposals-evaluated-302192613.html
SOURCE Valid Eval