True or False: The lowest price technically acceptable (LPTA) process prioritizes cost above other factors.

The lowest price technically acceptable (LPTA) process is designed to focus primarily on obtaining the best price while still ensuring that the goods or services meet certain minimum technical requirements. In this process, the evaluation of proposals centers around the lowest price that meets those specified technical standards. This means that while technical acceptability is a necessary factor, the ultimate decision heavily leans toward cost, prioritizing it as the most critical evaluation criterion once the minimum technical criteria are satisfied.

In an LPTA scenario, proposals that do not meet the required technical standards are not considered further, which emphasizes the importance of price in the overall evaluation after those baseline requirements are confirmed. This indicates a clear prioritization of cost in the procurement process, validating the assertion that the LPTA process indeed prioritizes cost above other factors.