Understanding the FAR Government Regulations There are many people in the United States that have no idea what the Federal Acquisition Regulation is. Learning about the Federal Acquisition Regulation is a great way to understand how the government does business and how the federal government makes contracts fair. The Federal Acquisition Regulation is a set of rules that was developed to regulate the Federal Acquisition System. The regulations are meant to govern the “acquisition process� to ensure that the government is purchasing goods and services in a manner that is fair and respectable.
The Three Phases There are three phases that occur when the government is purchasing goods and services. The first is that the government has to realize the need for recognition and acquisition planning, to ensure that the purchase has been well thought out and planned properly before the purchase. The second phase of this process is the formation of the contract. This process can take some time as both parties sit down to make a contract that is reasonable with the other party and with the requirements that they have for themselves or their company for the transaction. The final phase of the process is the contract administration portion of the process. This is the process that allows the administration of each party to lay out their administrative responsibilities and ensure that the administrative responsibilities are taken care of throughout the contract term.
The Purpose of FAR FAR was first developed to ensure that the policies and procedures that the government used while acquiring new goods or properties were all uniform. The acquisition system should satisfy the customer’s needs to ensure that the process goes smoothly and the contract is effective. When the government is looking to contract with a specific company or individual, the government will usually identify a list of the requirements that need to be met to fulfill the FAR requirements. There are times when there can be a lot of these requirements. In order for the government to be able to award a contract to a bidder, the bidder must fulfill each of these requirements. If someone challenges the decision and proves that the bidder did not comply with the requirements, the challenger may then be rewarded the contract.
There are also some provisions and requirements throughout the rules that some businesses may be exempt from. It is important that a business can prove their exempt status, to ensure they are going to be able to legally obtain the contract that the government has put up for bidding. Having someone that has gone through Federal Acquisition Training can be a great way to ensure that the regulations are going to be followed properly. Taking time to search for an employee that has the proper training can be well worth your time. When you are working with an employee that has Federal Acquisition Training, you should be able to expect all of the paperwork to be completed properly. You can rest easier, knowing the requirements of FAR are going to be fulfilled and you can acquire the contract legally.