Richard Davidson | PhD Research

University of Denver, Daniels College of Business | Entering Fall 2026

The largest empirical study of procurement source selection ever conducted: 654,307 federal contract awards, seven fiscal years, five empirical papers, and a finding that challenges the conventional wisdom.



The Integrating Thesis

The conventional debate frames procurement reform as a choice between lowest price (LPTA) and best value (tradeoff) evaluation methods. Our research suggests this may be a red herring. The real constraint on procurement outcomes is structural barriers — the $30K-$1.1M in costs and 28+ steps required to compete — that limit the competitive pool regardless of evaluation method. When 41% of awards attract only one bidder, the choice between LPTA and tradeoff becomes largely irrelevant.

Data Sources