§ 2.2-2620. Definitions
As used in this article, unless the context requires a different meaning:
"Commercial activity" means performing services or providing goods that can normally be obtained from private enterprise.
"Commercial source" means any business or other concern that is eligible for a contract award in accordance with the Virginia Public Procurement Act (§ 2.2-4300 et seq.).
"Competitive process" means the process approved by the Council to determine the most cost-effective privatization technique.
"Council" means the Commonwealth Competition Council.
"Fully allocated cost" means a cost that includes all direct personnel costs, materials and supplies, equipment, capital and equipment depreciation costs, rent, maintenance and repairs, utilities, insurance, travel, operations overhead, and general administrative overhead as these terms are defined in the Council's "Compete" cost comparison program.
"Managed competition" means a competitive process between a state agency and the private sector in which (i) the state agency submits its own proposal after completing the fully allocated cost of the commercial activity and (ii) the proposal is based on its most efficient proposed organization to compete with a private sector bid or proposal for the provision of the commercial activity.
"Privatization" means a variety of techniques and activities that promote more involvement of the private sector in providing services that have traditionally been provided by government. It also includes methods of providing a portion or all of select government-provided or government-produced programs and services through the private sector.
"State agency" means any board, council, authority, department, agency, or institution of the Commonwealth that employs state or nonstate personnel.
(1995, c. 815, § 9-341; 1998, c. 881; 2001, c. 844.)
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