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Supplier Diversity Blog by supplier.io

Barb Wilczek

Recent Posts

What is the Federal Acquisition Regulation and Why Does it Matter?

This blog was originally posted on 11/16/2016 and updated 4/22/2020.

On March 30, 2020, a new amendment to the Federal Acquisition Regulation (FAR) that could significantly impact federal contractors and the small and diverse businesses within their supply chains went into effect. The new rule, FAC 2020-05, updates and clarifies regulations regarding set-aside orders under multiple-award contracts.

What does this mean for you? Let's start with a quick refresher on the FAR as a whole and then take a look at two other updates.

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The team has a long history in driving innovative solutions in supplier diversity. We believe that companies deserve solutions that are effective and provide measurable value and results. Started more than a decade ago, supplier.io has rapidly become a prominent provider of supplier diversity solutions to leading corporations. We currently support customers in automotive, healthcare, insurance, retail, manufacturing, education, and banking. One in five Fortune 50 company relies on supplier.io.