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FAR

FAR

FAC Number: 2024-03
Effective Date: 02/23/2024

34.001 Definition.

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.

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