Good morning FUN with the FAR Friends!
Welcome back to another fun season of FUN with the FAR! Thank you for joining us for our first episode of Season 11! Steve and our guest instructor Tim Sullivan covered FAR Parts 1 and 2 for our first episode of 2024:
FAR Part 1 (Federal Acquisition Regulations System)
FAR Part 2 (Definitions of Words and Terms)
As a follow-up to Wednesday’s session, here are a few facts to ponder:
DID YOU KNOW?
The FAR is issued as Chapter 1 of Title 48 of the Code of Federal Regulations (CFR).
DID YOU KNOW?
The current and prior versions of the FAR can be found online at www.acquisition.gov
DID YOU KNOW?
The FAR does not govern the procurement of supplies or services via grants, cooperative agreements, or other transaction authority agreements.
DID YOU KNOW?
The FAR is prepared, issued, and maintained by the Secretary of Defense, the Administrator of the General Services Administration, and the Administrator of NASA. FAR 1.103(b).
DID YOU KNOW?
The word “should” as defined in FAR 2.101 means an “expected course of action or policy” and is not considered an “imperative.” FAR 2.101.
DID YOU KNOW?
A COR may be held personally liable for damages arising from “unauthorized acts.” FAR 1.602-2(d)(7)(v).