Code of Federal Regulations · Section
§ 34.001 — 34.001 Definition
48 C.F.R. § 34.001
View:
Effective competition, as used in this part, is a market condition that exists when two or more contractors, acting independently, actively contend for the Government's business in a manner that ensures that the Government will be offered the lowest cost or price alternative or best technical design meeting its minimum needs.
Authorizing Statute
-
Chapter 137 legacy provisions10 U.S.C. § 3016
-
Administrative40 U.S.C. § 121
-
Powers of the Administration in performance of functions51 U.S.C. § 20113