[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR34.001]



[Page 722]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 34_MAJOR SYSTEM ACQUISITION--Table of Contents

 

                          Subpart 34.0_General

 

Sec. 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.



[50 FR 27562, July 3, 1985, as amended at 51 FR 52434, Dec. 23, 1985; 51 

FR 27116, July 29, 1986; 61 FR 41470, Aug. 8, 1996; 66 FR 2132, Jan. 10, 

2001]