The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds. The FAR also contains standard solicitation provisions and contract clauses and the various agency FAR supplements.
The FAR, which is codified in Title 48 of the Code of Federal Regulations (C.F.R.), generally governs acquisitions of goods and services by executive branch agencies.
Federal Acquisition Regulation (FAR) The FAR provides uniform acquisition policies and procedures for use by all Executive agencies. An electronic version of the official FAR is available at www.ecfr.gov, under Title 48, Chapter 1. The GSA version of the FAR is available at www.acquisition.gov.
FAR compliance is a process that federal government contractors must adhere to in order to provide goods or services to federal agencies. FAR is one of the major differences between contracting with the federal government versus contracting with a commercial entity.
FAR tests your knowledge on the foundational information related to accounting and reporting frameworks, while BAR builds on this knowledge by focusing on more specialized, advanced topics. FAR CPA Exam format The FAR CPA Exam is a four-hour exam comprised 50 multiple-choice questions (MCQs) and 7 task-based simulations (TBSs).
As we previously covered, on , President Trump issued Executive Order (EO) 14398, “ Addressing DEI Discrimination by Federal Contractors,” to address “racially discriminatory DEI activities” in federal contracting. Among other things, EO 14398 directed the FAR Council to issue deviation and interim guidance within 60 days to implement the new contract clause set forth in ...
On , the Federal Acquisition Regulatory Council (FAR Council) issued implementing guidance and Revolutionary FAR Overhaul (RFO) updates that reflect the requirements of the Executive Order 14398, Addressing DEI Discrimination by Federal Contractors, which directed agencies to implement new contract language prohibiting “racially discriminatory DEI activities” 1 ...