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The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, [1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies.
The Federal Acquisition Regulations (FAR) in chapter 1 are those government-wide acquisition regulations jointly issued by the General Services Administration, the Department of Defense, and the National Aeronautics and Space Administration.
If FAR Part 13, simplified acquisition is used, then a contracting officer can select from a range of processes including Government Purchase Card (GPC) for purchases under the micro-purchase threshold (see definition section of FAR for current value (for example, in U.S., it is currently $2,500), simplified acquisition threshold (see FAR ...
July 24, 2012 began Phase I of a consolidation of federal government systems used for contracting to SAM (System for Acquisition Management). On that date, users were no longer permitted to enter new information into the CCR or the other systems being migrated in Phase I to allow sufficient time for their data to be migrated to SAM.
In U.S. Federal government contracting, IDIQ is an abbreviation of the term indefinite delivery/indefinite quantity. This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. The legal origin of IDIQ contracts is the Federal Acquisition Regulation (FAR) section 16.504(a) (48 CFR ...
[2] [3] OFPP provides overall direction for government-wide procurement procedures and "to promote economy, efficiency, and effectiveness in acquisition processes." OFPP is headed by an Administrator who is appointed by the President and confirmed by the Senate. [ 4 ]
A GWAC is an acquisition tool that facilitates and streamlines the purchasing of IT solutions by United States federal government departments and agencies, while ensuring that the many government-mandated rules are followed. [1] These rules are complex, deriving from laws and regulations that guide the purchasing processes of each agency.
The responsibilities of a Contracting Officer are detailed in the FAR (48 CFR) Part 1.602-2: "Contracting officers are responsible for ensuring performance of all necessary actions for effective contracting, ensuring compliance with the terms of the contract, and safeguarding the interests of the United States in its contractual relationships."