Based on business arrangements, when the government sets conditions on companies seeking to sell goods or services to government agencies, it is called Contracting power.
Contracting power is the authority used by the government to control and regulate the business conditions when transacting with independent or private contractors.
Contracting power is usually carried out to create public scrutiny in the contract. It is also used to evaluate the operational standards.
Also, contracting power is used to promote industrial and regional development.
It is also used to align contracts within the government’s obligations.
Hence, in this case, it is concluded that the correct answer is "Contracting power."
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