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US federal government agencies are also required to arrange full and open competition through the use of competitive procedures.
The Competition in Contracting Act (CICA) of 1984 is the main legislation governing the procedure for hiring contractors in the US. It requires agencies to use competitive procedures in its procurement activities.
Competitive procedures is a mode of awarding contracts in a manner that is based on full and open competition. It is usually effected through competitive bids, either in physical settings or through electronic platforms.
The aim is to promote competition and reduce costs for the government. Additionally, small businesses were expected to have greater chances at winning Federal Government contracts. Bidding is consequently open to any eligible company.
To learn more about procurement through full and open competition: brainly.com/question/17183208
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