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The Competition in Contracting Act (CICA) requires federal agencies to obtain full and open competition when awarding contracts, ensuring that all qualified vendors have an equal opportunity to compete for government contracts. The act mandates that contracts be awarded based on competitive procedures, which may include sealed bidding or competitive proposals. This promotes transparency, fairness, and efficiency in government procurement processes. Exceptions to this requirement exist but are limited and must be justified.
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What did the Clayton Act add to the Sherman Antitrust Act?
The Clayton Act made certain practices illegal when their effect was to lessen competition or to create a monopoly.
Sherman Antitrust Act?
Federal law outlawing monopolies in order to preserve competition
What was true about Sherman Antitrust Act?
The Sherman Anti-Trust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts or business activities that federal government regulators deem to be anticompetitive. It also requires the federal government to investigate and pursue trusts (monopolies).
What requires AF agencies to create and preserve records?
The Federal Records Act requires AF agencies to create and preserve records.
What was a new deal program that set prices of many products to ensure fair competition?
The National Industrial Recovery Act was a New Deal program that set the prices of many products to ensure fair competition.
What is the the statutory requirement that ensures full and open competition for government acquisitions?
The statutory requirement that ensures full and open competition for government acquisitions is the Competition in Contracting Act (CICA). This act requires federal agencies to obtain full and open competition in their acquisitions, ensuring fair and equitable opportunities for all potential vendors to compete for government contracts.
Does The Competition in Contract Act require that requirements be written in a way that allows an incumbent contractor the opportunity to get the follow-on contract without competition?
The Competition in Contracting Act (CICA) generally promotes full and open competition in government contracting. It does not specifically require that contract requirements be written to favor incumbent contractors for follow-on contracts. However, if a contracting agency intentionally restricts competition through overly specific requirements that only the incumbent can meet, it could violate CICA principles. Agencies must ensure that requirements are clear and competitive to allow all qualified vendors the opportunity to bid.
The Prompt Payment Act requires contractors to submit a properly prepared invoice or it will be returned for correction within 7 days by the contracting officer.?
true
Which is NOT a mission for DoD contracting?
Delivering purchased items faster than the competition is not a mission for DoD contracting.
Why should a contracting professional make contract opportunities appealing to potential vendors?
It promotes competition with the vendors and lowers contract costs.
What are donut-shaped muscles that act as doorways to let materials in and out by alternately contracting and relaxing?
Tu
What word means the act of competing?
competition.
What has the author Robert S Nozick written?
Robert S. Nozick has written: 'The 1999 annotated Competition Act' -- subject(s): Antitrust law, Restraint of trade, Unfair Competition 'The 2004 annotated Competition Act' -- subject(s): Antitrust law, Restraint of trade 'The 2000 Annotated Competition Act'
What is an act of gathering proprietary or sensitive data for the purpose of aiding the competition?
categorized as the act of gathering proprietary or sensitive data for the purpose of aiding the competition?
How do you translate competition act in marathi language?
The term "Competition Act" can be translated into Marathi as "स्पर्धा अधिनियम" (Spardha Adhiniyam). This refers to the legislation that aims to promote fair competition and prevent monopolistic practices in the market.
What act Act requires law enforcement agents to obtain a court order to monitor traffic flowing between network service providers.?
The act that requires this is the Federal Patriot Act.
What Act was replaced with the introduction of Competition Act 2002?
Monopolies And Restrictive Trade Practices, 1969(MRTP Act)
