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                            34.001 Definition.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart34.034.134.2
Section34.00034.00134.00234.00334.00434.005
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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.    **Parent topic:**  Part 34 - Major System Acquisition
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