48 CFR 34.001: 34.001 Definition.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 1—FEDERAL ACQUISITION REGULATION
- SUBCHAPTER F—SPECIAL CATEGORIES OF CONTRACTING
- PART 34—MAJOR SYSTEM ACQUISITION
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.
Collected 2026-08-27T02:26:29Z. Source file · JSON