What is required before executing a contract strategy that includes other than full and open competition?

The requirement for a Justification and Approval (J&A) document before executing a contract strategy that includes other than full and open competition is essential in the federal contracting process. This requirement ensures that there is a formal assessment and documentation of the reasons justifying why competitive bidding cannot take place. It aims to uphold transparency, accountability, and fairness in the procurement process, especially when agencies seek to limit competition.

When an agency decides to restrict competition, the J&A must clearly articulate the rationale for this decision, demonstrating that it is in compliance with applicable regulations and that the need for such an approach is justified. This typically involves identifying the unique circumstances or constraints that necessitate the non-competitive method, such as a specific requirement that only one source can fulfill.

The other options do not directly address the procedural requirements for limiting competition. A performance bond relates to financial assurance rather than the justification for a contracting approach. A competitive bidding process is inherently not applicable when seeking to limit competition. Lastly, a price negotiation agreement is a tool used post-award for negotiating prices, but it does not serve the role of justifying a decision to bypass full and open competition.