Do you agree with the following statement: government and private business acquisition processes do not differ.

Do you agree with the following statement: government and private business acquisition processes do not differ. Support your answer.

Government contracts are subject to a number of different laws that private contracts are not. Just a few examples include the Federal Property and Administrative Services Act of 1949 (governs the acquisition of non-land property and construction companies by civilian government agencies); The Armed Services Procurement Act of 1947 (governs the acquisition of non-land property and construction services by defense agencies); and the Competition in Contracting Act (requires open competition before a contract is awarded except in limited circumstances).

These and other laws impose a variety of requirements. For example, the laws mandate a specific open bidding process, and that anyone contracting with the government must comply with drug free workplace standards, minimum wage standards and affirmative action requirements, among others.