The ASPA, FPASA, and CICA established two basic methods of obtaining full and open competition -- (a) sealed bidding and
The ASPA, FPASA, and CICA established two basic methods of obtaining "full and open competition" -- (a) sealed bidding and (b) competitive negotiation. Sealed bidding is
characterized by a rigid adherence to formal procedures. Those procedures aim to provide all bidders an opportunity to compete for the contract on an equal footing. In a sealed bidding acquisition, the agency must award to the responsible bidder who submits the lowest responsive bid (price). In contrast, competitive negotiation is a more flexible process that enables the agency to conduct discussions, evaluate offers, and award the contract using price and other factors.
Provide an example or scenario of seal bidding and competitive negotiation. Explain the scenario and details to show why that example or scenario were seal bidding and competitive negotiation.