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A sole-source procurement activity is where a contract is offered to known vendor(s) instead of conducting open competition, and the resulting contract is known as a sole-source contract. FAR Part 6 specifically forbids sole-source contracting when it is due to a lack of advanced planning.
Multisourcing is the concept of working with multiple suppliers who are also competitors. [1] Large-scale buyers, such as the U.S. federal government, may want to feel assured that there is more than one supplier for an item.
The regulatory framework for single source defence contracts came fully into force in December 2014, after Parliamentary approval was confirmed for the Single Source Contract Regulations 2014. [4] In March 2015, the Secretary of State for Defence accepted the SSRO's recommendation for a 10.6% baseline profit rate for the coming year (2015/2016 ...
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
UARCs were developed to ensure that essential engineering and technology capabilities of particular importance to the DoD are maintained. They have many similarities with Federally Funded Research and Development Centers, including sole source funding under the authority of . However, UARCs are allowed to compete for other science and ...
Several Hollywood stars, including Jelly Roll, Jessica Simpson and Kathy Bates, showed off dramatic transformations in 2024 after dropping 100 pounds during their weight-loss journey.
In July 2019, NASA decided to sole source its design for the Minimal Habitation Module of the Lunar Gateway to Northrop Grumman Innovation Systems. [ 10 ] [ 11 ] The motivation to sole source was based on NASA's assessment that Northrop were the only existing NextSTEP-2 contractor with the designs and production capabilities to meet the module ...
Santa Claus, Indiana, is home to a beloved tradition in which volunteers, or "elves," respond to thousands of Christmas letters sent to Santa each year from children from all over.