Federal Acquisition Regulation

The Federal Acquisition Regulation (FAR) is a set of rules governing how the U.S. government buys goods and services. It outlines procedures that federal agencies must follow to ensure fair competition, transparency, and accountability in the procurement process. FAR aims to make government purchasing efficient and cost-effective while protecting taxpayer interests. It applies to contracts with private businesses and ensures that contracts are awarded based on merit and compliance with legal standards. Overall, it serves as a framework for conducting government business responsibly and ethically.