Federal Procurement Policy Act

The Federal Procurement Policy Act is a law that guides how the U.S. government buys goods and services. It aims to ensure that purchases are fair, transparent, and cost-effective, promoting competition and preventing favoritism. The Act establishes rules for awarding contracts, managing procurement processes, and promoting efficiency. Its goal is to make government spending accountable and to get the best value for taxpayer dollars while maintaining integrity in how public funds are used.