What does FAR aim to promote regarding competition in procurement?

The Federal Acquisition Regulation (FAR) aims to promote competition in procurement primarily through the simplification of procurement processes to encourage participation from a diverse range of bidders. By streamlining procedures and reducing barriers to entry, FAR seeks to create a competitive environment where various suppliers can offer their goods and services. This competition not only helps ensure that the government receives the best value but also fosters innovation and efficiency among contractors.

Simplifying procurement processes can include measures like consolidating bidding requirements, improving clarity in solicitations, and reducing unnecessary regulatory burdens. The goal is to create a more inviting landscape for both small and large businesses, allowing for a broader spectrum of ideas and solutions to be considered for government contracts.

The other options focus on exclusionary practices or limiting competition, which runs counter to the core intent of FAR. By promoting an open competitive environment, FAR aims to achieve transparency and fairness in the procurement process, ultimately benefiting the government and taxpayers alike.