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Fun with the FAR Parts 1 & 2

1.      The ultimate customer of any Government contract is the “American taxpayer.” FAR 1.102-2(a)(1). 

 

2.      Contracting Officers are not required to eliminate all contract risk when executing or administering Government contracts.  FAR 1.102-2(c)(2). 

 

3.      The value of future option periods should always be taken into consideration when determining whether a contract meets a particular acquisition regulation “dollar threshold.”  FAR 1.108(c).

 

4.      A COR may be held personally liable for damages arising from “unauthorized acts.”  FAR 1.602-2(d)(7)(v).

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