The Federal Acquisition Regulation (FAR) is an exceedingly-complex document; but it is also the primary regulation which governs most federal agency procurements. The FAR’s purpose is to ensure the government’s procurement procedures are consistent, and conducted in an impartial manner, while fairly balancing risks between the government and the contractor. Knowing what’s in the FAR, and how it’s organized, is essential for all contracting professionals.
- To understand the overall organization and content of the FAR
- To understand the relationship between the FAR’s substantive parts, and its corresponding clauses and provisions.
- To understand the mandatory and optional (i.e., negotiable) aspects of the FAR.