What makes government contracts unique?
Question 10 options:

They involve competitive bidding.

They aren't part of the federal budget.

They are paid off with bonds instead of money.

They create obligations normally applied to government agencies

Respuesta :

They create obligations normally applied to government agencies

Answer:

The correct answer is the option D: They create obligations normally applied to government agencies.

Explanation:

On one hand, a government contract is the name given by law to the situation where to parties compromise themself with each other and where one of them is a government agency, therefore that its main characteristic is that those type of contracts involve a party that is a government entity.  

On the other hand, a government contractor is the name that tends to receive the company, privately owned or publicly trade but not a state owned enterprise, whose characteristic is that it produces goods or services under contract for the government only.

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