Federal Acquisition Regulation

What is the Federal Acquisition Regulation (FAR)?

The federal acquisition regulation, often referred to as FAR, is the primary set of rules that the executive agencies of the U.S. federal government must follow when acquiring goods or services by way of contract.

The FAR helps small and diverse businesses in many ways, one of which is through the observation of set-aside contracts.

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What is the Federal Acquisition Regulation? And Why Is Being FAR Compliant Important?