Under simplified acquisition procedures, contracting officers must promote what to obtain the best value?

The correct answer is that contracting officers must promote competition among offerors to obtain the best value under simplified acquisition procedures. This practice aligns with the core principles of federal procurement, which emphasize the importance of fostering competition to drive innovation, lower prices, and enhance the quality of goods and services.

Promoting competition among offerors allows contracting officers to compare multiple bids or proposals, which can lead to more favorable terms and pricing. By encouraging a competitive environment, contracting officers can ensure that they are not only securing the best price but also obtaining the most advantageous contracts for the government. Additionally, competition can enhance the likelihood of finding suppliers who provide superior services or products.

In contrast, focusing solely on low-cost procurement options might overlook the importance of quality and the overall value that a supplier can provide. Exclusive supplier agreements can limit flexibility and the ability to leverage better options through competitive bidding. While fixed-price contracts are a popular type of agreement, they do not inherently promote the competitive environment necessary to achieve the best value unless they are part of a competitive procurement process. Thus, the emphasis on competition among offerors is fundamental to maximizing value in acquisitions.