FAR

Federal Acquisition Regulation

The Federal Acquisition Regulation (FAR) is the principal set of rules governing the federal government's acquisition process. It covers everything from contract formation to administration and closeout, establishing uniform policies and procedures for all executive agencies.

Key Topics

Contract types (FFP, T&M, Cost-Plus, IDIQ)
Source selection and competitive procedures
Contract clauses and flow-down requirements
Socioeconomic programs and set-asides
Payment and financing provisions
Contract administration and modifications
Terminations for convenience and default
Protests and disputes

Key References

FAR Part 15
Contracting by Negotiation
FAR Part 16
Types of Contracts
FAR Part 19
Small Business Programs
FAR Part 31
Contract Cost Principles
FAR Part 42
Contract Administration
FAR Part 52
Solicitation Provisions and Contract Clauses

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