Which approach allows the government to obtain sealed bidding benefits even without adequate specifications?

Two-Step Sealed Bidding is a procurement method that allows the government to leverage the advantages of sealed bidding even in circumstances where comprehensive specifications may be lacking. This approach consists of two distinct phases: the first phase involves the submission of technical proposals without pricing information, and in the second phase, the government solicits sealed bids from those who have satisfactorily met the requirements established in the first phase.

This method is particularly beneficial because it allows the government to refine its specifications based on feedback and proposals from industry experts without requiring a complete set of specifications upfront. By doing so, the government can still access competitive bids while ensuring that the final specifications result in a better understanding of the market, leading to more accurate and competitive pricing in the second phase.

The other options do not provide the same mechanism for addressing shortcomings in specifications while still utilizing the sealed bidding benefits. Competitive Sealed Proposals generally involve negotiation and discussion concerning proposals, Small Business Set-Asides focus on awarding contracts exclusively to small businesses without addressing specification concerns, and Best Value Methodology emphasizes the balance of cost and quality without the same steps that Two-Step Sealed Bidding incorporates.