Good morning FUN with the FAR Friends!
Thank you for joining us for another great episode of FUN with the FAR! Episode 15 covered: FAR Part 25 (Foreign Acquisition). As a follow-up to Wednesday’s session, here are a few facts to ponder as we prepare for our next session of Fun with the FAR:
DID YOU KNOW?
The Buy American statute uses a two-part test to define a domestic end product (manufactured in
the United States and a formula based on cost of domestic components).
DID YOU KNOW?
In accordance with the Trade Agreements Act, the President has waived the Buy American statute
and other discriminatory provisions for eligible products from countries that have signed an
international trade agreement with the U.S. or are a least developed country. FAR 25.402.
DID YOU KNOW?
When evaluating foreign offers, the CO may rely on a contractor’s certification of end-product
origin. FAR 25.501(b).
DID YOU KNOW?
The prime is permitted to rely on the subcontractor’s representations and certifications that the
products supplied comply with the country-of-origin restrictions.
DID YOU KNOW?
The CO must not use the Buy American statute evaluation factors prescribed in Subpart 25.500
to provide a preference for one foreign offer over another foreign offer. FAR 25.501(d).
DID YOU KNOW?
Unless otherwise expressly permitted by the Office of Foreign Assets Control (OFAC), most
transactions involving Cuba, Iran, and Sudan are prohibited, as are most imports from Burma
or North Korea into the United States or its outlying areas. FAR 25.701.