Glossary term
FAR (Federal Acquisition Regulation)
The primary regulation governing federal executive-agency purchasing — codified at 48 CFR Chapter 1.
The Federal Acquisition Regulation (FAR) is the uniform set of rules covering nearly every aspect of federal procurement, from solicitation preparation to contract closeout. Agencies add supplements (DFARS for DoD, AFARS for Army, GSAM for GSA, etc.). Key FAR parts contractors should know: Part 12 (Commercial Items), Part 13 (Simplified Acquisition), Part 15 (Contracting by Negotiation), Part 19 (Small Business Programs), Part 31 (Cost Principles), Part 52 (Solicitation Provisions and Clauses).
Categories
- regulation
- compliance