48 C.F.R. § 34.001

Current through March 31, 2024
Section 34.001 - Definition

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.

48 C.F.R. § 34.001

50 FR 27562, 7/3/1985, as amended at 51 FR 52434, 12/23/1985; 51 FR 27116, 7/29/1986; 61 FR 41470, 8/8/1996; 66 FR 2132, 1/10/2001