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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.
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
An F-35 Lightning II test aircraft with the Canadian flag, along with those of other industrial participants, painted on it. Alan S. Williams of Queen's University, the former Assistant Deputy Minister of National Defence (Matériel) who signed the original industrial participation agreement, indicated he believes that the Government of Canada's rationale for joining the JSF project was not ...
The Acquisition Management System (AMS) provides policy and guidance on lifecycle acquisition management by the United States Federal Aviation Administration (FAA). [1] The self-stated objectives of the AMS "are to increase the quality, reduce the time, manage the risk, and minimize the cost of delivering safe and secure services to the aviation community and flying public."
Control of natural resources: A prime source of monopoly power is the control of resources (such as raw materials) that are critical to the production of a final good. Network externalities: The use of a product by a person can affect the value of that product to other people. This is the network effect. There is a direct relationship between ...
Rose and Frank Co was the sole US distributor of JR Crompton's carbon paper products. In 1913, the parties signed a new document which included this clause: This arrangement is not entered into, nor is this memorandum written, as a formal or legal agreement and shall not be subject to legal jurisdiction in the law courts ..., but it is only a definite expression and record of the purpose and ...
GFOA maintains an extensive inventory of books, e-books, manuals, guides, and CDs on government finance topics that are available for purchase, with member discounts. GFOA is best known for its "Blue Book", titled Governmental Accounting, Auditing, and Financial Reporting (GAAFR).