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What is the difference among outsourcing, privatization and competitive review?

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What is the difference among outsourcing, privatization and competitive review?

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Outsourcing: Outsourcing is a competition between contractors for work the government never intended to do in-house. Outsourcing is the term used for competition between contractors. Examples of outsourcing include contracting for construction, concessions, supplies and services. Outsourcing has nothing to do with public-private competitions. Outsourcing must not be confused with Competitive Review. Also, the reason to use outsourcing may be to get the lowest price, best value (price and technical evaluation criteria) and it may be that the work is so incidental to the mission of the agency that the agency would never want to perform it in-house. Privatization. A federal agency decision to change a government-owned and government-operated commercial activity or enterprise to private sector control and ownership. When privatizing, the agency eliminates associated assets and resources (manpower for and funding of the requirement). Since there is no government ownership and control, no se

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