FAR Part 12

FAR Part 12 sets the rules for acquiring commercial items through government purchases, focusing on procedures for buying products and services that are already available in the commercial marketplace. It aims to streamline procurement by applying simplified methods, reducing unnecessary paperwork, and ensuring fair competition. Essentially, it allows government agencies to buy commercial goods efficiently while maintaining transparency and fair pricing, similar to how businesses purchase supplies in the private sector. This helps save time and resources, making government procurement more effective and responsive to market practices.