What is it called when competition is limited to establish or maintain an alternative source?

The phrase "Full and Open Competition After Exclusion of Sources" specifically refers to a procurement practice where competitive bidding is encouraged, but certain sources are intentionally excluded based on specific criteria. This approach is often utilized when there is a necessity to limit competition to certain qualified suppliers or vendors, which can be essential in maintaining an alternative source capable of meeting the organization's needs.

The inclusion of the term "Full and Open" indicates a preference for competitive offerings where possible, while acknowledging the practical limitations that may necessitate excluding specific sources. This is particularly relevant in contracts where specialized skills or technologies are involved, ensuring that while competition exists, it is focused appropriately for the best outcomes for the contract at hand.

In contrast, the other options do not accurately convey this concept. "Open Source Competition" implies a broad and unrestricted competitive environment, while "Selective Competition" could suggest any form of limited competition without the necessary formal procedure indicated in the correct choice. "Alternate Source Strategy," while related to the idea of having multiple suppliers, does not convey the formal procurement process that is implied in the correct answer. Thus, the correct terminology highlights the nuanced approach of managing competition strategically in contracting scenarios.