From the e-Activity, explain how each of the following legislative enactments is a foundation for government contract law and the federal acquisition process. Then discuss how knowledge of one of the Acts can help a manager make better decisions.
Armed Services Procurement Act of 1947 (ASPA), codified at 10 U.S.C. §§ 2301-2314
Federal Property and Administrative Services Act of 1949 (FPASA), codified in U.S.C. §§ 251-260
Competition in Contracting Act (CICA), codified in 41 U.S.C. 253
Discuss the key factors in each Act that demonstrates that the Acts are foundational components of government contract law and the federal acquisition process. Provide an example or scenario of each to support your response.