Русско-англо-русский юридический словарь

NATIONAL FOREIGN EXCHANGE ASSOCIATION (NFEA) was created on initiative of regional currency exchanges and a number of commercial banks to coordinate the efforts aimed at developing a highly professional and high-tech currency market based on strict compliance with legislation, the principles of business ethics and fair competition. (official website (http://www.nva.ru/))

"Definition of fair competition: Competition based on the factors of price, quality, and service ( not on the abuse of near-monopoly powers, competitor bashing, predatory pricing, etc.")

The UN Procurement Practitioner's Handbook, produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012, defines competitive bidding as: 'A procurement method in which offers from competing suppliers are invited by open advertisement and provided with the scope, specifications, and terms and conditions of the proposed contract as well as the criteria by which the offers will be evaluated. The objectives of competitive bidding are to obtain goods or services at the lowest cost or best value through open and fair competition.' (Designing Buildings)