48 CFR §34.001
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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.