FAR System

The FAR System, or Federal Acquisition Regulation System, is a set of rules and guidelines that govern how the U.S. government buys goods and services. It ensures that procurement processes are fair, transparent, and competitive, providing standard procedures for contracting, negotiations, and awards. The FAR helps government agencies and contractors work together efficiently and ethically, promoting accountability and fairness in spending taxpayer money. Essentially, it’s a legal framework that ensures government acquisitions are conducted consistently and responsibly across all federal agencies.