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The recipient or subrecipient must maintain and use documented procedures for procurement transactions under a Federal award or subaward, including for acquisition of property or services.
Part 1 - Federal Acquisition Regulations System. Part 2 - Definitions of Words and Terms. Part 3 - Improper Business Practices and Personal Conflicts of Interest. Part 4 - Administrative and Information Matters. Part 5 - Publicizing Contract Actions.
The Office of Federal Procurement Policy (OFPP) in the Office of Management and Budget plays a central role in shaping the policies and practices federal agencies use to acquire the goods and...
There are three types of procurement methods described in this section: informal procurement methods (for micro-purchases and simplified acquisitions); formal procurement methods (through sealed bids or proposals); and noncompetitive procurement methods.
The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds. The FAR also contains standard solicitation provisions and contract clauses and the various agency FAR supplements.
The federal government’s basic procurement or acquisition process involves an agency identifying the goods and services it needs (also known as the agency’s “requirements”), determining the most appropriate method for purchasing these items, and carrying out the acquisition.
FEDERAL ACQUISITION REGULATION (FAR) The FAR is the primary document of uniform policies and procedures for acquisition by all executive agencies and agency acquisition regulations implement or supplement the FAR. FAR available at Acquisition.gov.
§ 200.318 General procurement standards. (a) Documented procurement procedures. The recipient or subrecipient must maintain and use documented procedures for procurement transactions under a Federal award or subaward, including for acquisition of property or services.
The Federal Acquisition Regulations System consists of the Federal Acquisition Regulation (FAR), which is the primary document, and agency acquisition regulations that implement or supplement the FAR. The FAR System does not include internal agency guidance of the type described in 1.301 (a) (2).
The division coordinates with the Office of Federal Procurement Policy (OFPP) and other agencies to implement laws, executive orders, other agency regulations, and governmentwide policies into the FAR.