legal frameworks for federal contracts

Legal frameworks for federal contracts are the rules and laws that govern how the U.S. government buys goods and services from private companies. These laws ensure fair competition, transparency, and proper use of taxpayer funds. Key regulations include the Federal Acquisition Regulation (FAR), which provides detailed guidelines for contracting processes, and various statutes that set standards for ethical conduct and accountability. Together, they create a structured environment that protects both the government’s interests and those of contractors, fostering trustworthy and efficient procurement practices.