Question: You have a requirement for a one - time purchase with an estimated value of $ 1 8 0 , 7 0 0 . You

You have a requirement for a one

-

time purchase with an estimated value of $

180, 700 .

You are not required to synopsize this contract action. Which one of the following describes the competition requirement for this acquisition?Quotes must be solicited from at least three sources.The acquisition must utilize full and open competition.Quotes must be solicited from all sources within the local trade area.There is no requirement for competition if the price is considered reasonable.

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