Federal Acquisition Regulatory Council

The Federal Acquisition Regulatory Council (FAR Council) is a group within the U.S. government that creates and updates the rules for how federal agencies purchase goods and services. Comprising representatives from various government departments, the Council ensures that procurement practices are efficient, fair, and comply with laws. The rules they establish, known as the Federal Acquisition Regulation (FAR), guide federal contracts and help maintain transparency and accountability in government spending, ultimately aiming to serve the public interest while also fostering competition among suppliers.