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The ASPA, FPASA, and CICA established two basic methods of obtaining full and open competition -- (a) sealed bidding and

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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.

Expert Answer:

Answer rating: 100% (QA)

1 As established by the ASPA Armed Services Procurement Act FPASA Federal Property and Administrative Services Act and CICA Competition in Contracting Act sealed bidding and competitive negotiation ar View the full answer


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Management Accounting Information for Decision-Making and Strategy Execution

Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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Question Details
Chapter # 9
Section: Questions
Problem: 98
Posted Date: September 11, 2023 04:08:26
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