Table of Contents
What does FAR stand for in contracting?
The Federal Acquisition Regulation
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.
What does FAR regulation stand for?
Federal Acquisition Regulation
Federal Acquisition Regulation (FAR) is the body of laws that govern the U.S. Federal Government’s procurement process.
What is the purpose of FAR?
The Federal Acquisition Regulations System is established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies.
Who updates the FAR?
The FAR is amended when the three government agencies—the U.S. Department of Defense (DoD), NASA, and the General Services Administration (GSA)—that are governed by the FAR, along with the FAR Council, issue proposed and final rules under the “notice and comment” procedures established by the Administrative Procedure …
What are the alternates in the far?
The FAR prescribes alternates to a given provision or clause in the FAR subject text where the provision or clause is prescribed. The alternates to each provision or clause are titled “Alternate I,” “Alternate II,” “Alternate III,” etc.
What does far stand for in government contracting?
Federal Acquisition Regulation (FAR) VISIT THIS WEBSITE NOW. The Department of Defense (DoD), GSA, and the National Aeronautics and Space Administration (NASA) jointly issue the Federal Acquisition Regulation (FAR) for use by executive agencies in acquiring goods and services.
When does a word or term have the same meaning in far?
When a solicitation provision or contract clause uses a word or term that is defined in the Federal Acquisition Regulation (FAR), the word or term has the same meaning as the definition in FAR 2.101 in effect at the time the solicitation was issued, unless- (a) The solicitation, or amended solicitation, provides a different definition;
What is a subcontract under the far?
(iv) “Subcontract” means any contract, as defined in FAR subpart 2.1, entered into with a subcontractor to furnish supplies or services for performance of the prime contract or a subcontract including transfers between divisions, subsidiaries, or affiliates of a contractor or subcontractor.