Reference

GovCon Glossary: Evaluation Terms

Plain-English definitions for the acronyms and terms capture, proposal, and BD teams run into every day.

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9 terms

P

Past Performance

Evaluation

A source-selection evaluation factor that examines how well an offeror executed relevant prior contracts (quality, schedule, cost control, and management effectiveness), typically documented through CPARS records, references, and questionnaires. In many best-value competitions it carries weight comparable to technical approach or price.

Performance Risk Assessment Group

PRAG
Evaluation

The government team that evaluates offerors' past performance during a source selection. The PRAG reviews the references and questionnaires in the proposal along with records in CPARS and other sources, judges how relevant and recent each effort is, and assigns a performance confidence rating. Because the PRAG often finds information the offeror didn't submit, proposal teams should know what their CPARS records say before choosing which contracts to cite.

Price-to-Win

PTW
Evaluation

A pricing analysis that estimates what price is needed to win a specific competitive procurement (based on competitor cost structures, historical awards, and the customer's budget), then works backward into a bid strategy and cost model that hits that price while staying profitable. PTW produces a pricing strategy, not a likelihood of winning.

Probability of Win

PWin
Evaluation

A pursuit team's estimated percentage likelihood of winning a specific competitive opportunity, based on factors like incumbency, customer relationships, technical solution strength, teaming, and competitive positioning. PWin is reassessed at bid/no-bid gates to guide resourcing decisions, and is distinct from price-to-win, which sets a bid price rather than measuring how likely that bid is to win.

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