[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR34.001]

[Page 700]
 
            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]