 | |
| Publisher | Federal Acquisition Regulatory Council |
|---|---|
| Country | United States |
| Language | English |
| Website | Acquisition.gov |
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States. The document describes the procedures executive branch agencies use for acquiring products and services. FAR is part of the Federal Acquisition System, which seeks to obtain the best value for agencies, minimize administrative costs and time required for acquisition, and promote fair competition for the suppliers of the products and services.[1]
The FAR is issued by the FAR Council, a body composed of the Secretary of Defense, the GSA Administrator, and the NASA Administrator.[2] This council meets quarterly or more frequently as needed, and the FAR may be updated multiple times per year.[3]
The earliest regulation of US government procurement dates 1792. Much of the FAR used today dates to 1984. It is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1.
- ^ "Subpart 1.1 - Purpose, Authority, Issuance | Acquisition.GOV". www.acquisition.gov. Retrieved April 10, 2025.
- ^ "1.103 Authority. | Acquisition.GOV". www.acquisition.gov. Retrieved April 10, 2025.
- ^ "Federal Acquisition Regulatory Council | Acquisition.GOV". www.acquisition.gov. Retrieved April 10, 2025.
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