What are the three basic approaches available to contractors for addressing OCI issues?

The selection of "Avoid, Neutralize, Mitigate" as the correct answer reflects the fundamental strategies contractors can implement to address organizational conflicts of interest (OCI).

The "avoid" approach signifies that a contractor can prevent the potential conflict from occurring by opting out of certain projects or avoiding situations that would lead to a conflict. This proactive strategy is essential for maintaining ethical standards and ensuring that no unfair advantages arise.

The "neutralize" approach involves taking measures to eliminate the impact of the conflict, often through reassignment of duties or ensuring transparency in the process. This means implementing controls or modifications that render any existing conflict inconsequential, thus preserving the integrity of the contracting process.

Lastly, "mitigate" refers to strategies aimed at reducing the severity of the conflict. This could involve establishing protocols or boundaries that limit the scope of exposure to the conflict or implementing oversight mechanisms to ensure that the conflict does not unduly influence decision-making processes.

Overall, these three approaches collectively form a comprehensive framework for contractors seeking to navigate and manage OCI issues effectively, upholding legal and ethical commitments in their contracts. The other options present either incomplete or less relevant strategies that do not encompass the same level of proactive conflict management as the chosen answer.