Discuss the Competition in Contracting Act of 1984 for both negotiated and sealed bid responses.

Discuss the Competition in Contracting Act of 1984 for both negotiated and sealed bid responses. The sealed bid process offers obvious competition. What are the steps in the process? Respond to the following:

Explain why the sealed bid process is so competitive. Identify the seven exceptions to the full and open competition requirement. Explain how each of these exceptions creates possible windfall profit margins for the contractor.

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