2.2-2620 - Definitions. - Virginia Statutes

§ 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 cannormally be obtained from private enterprise.

"Commercial source" means any business or other concern that is eligiblefor 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 todetermine the most cost-effective privatization technique.

"Council" means the Commonwealth Competition Council.

"Fully allocated cost" means a cost that includes all direct personnelcosts, materials and supplies, equipment, capital and equipment depreciationcosts, rent, maintenance and repairs, utilities, insurance, travel,operations overhead, and general administrative overhead as these terms aredefined in the Council's "Compete" cost comparison program.

"Managed competition" means a competitive process between a state agencyand the private sector in which (i) the state agency submits its own proposalafter completing the fully allocated cost of the commercial activity and (ii)the proposal is based on its most efficient proposed organization to competewith a private sector bid or proposal for the provision of the commercialactivity.

"Privatization" means a variety of techniques and activities that promotemore involvement of the private sector in providing services that havetraditionally been provided by government. It also includes methods ofproviding a portion or all of select government-provided orgovernment-produced programs and services through the private sector.

"State agency" means any board, council, authority, department, agency, orinstitution of the Commonwealth that employs state or nonstate personnel.

(1995, c. 815, § 9-341; 1998, c. 881; 2001, c. 844.)