What does the Revolutionary FAR Overhaul mean for contractors?

According to Acquisition.gov, the Revolutionary FAR Overhaul is a government-wide initiative led by OFPP and the FAR Council to return the FAR to its statutory roots, rewrite it in plain language, and remove most text not required by statute or Executive Order, while keeping what is essential to sound procurement. The FAQs say the work runs on two parallel tracks. Track 1 rewrites FAR parts as model deviation text that agencies are expected to adopt until the FAR is formally revised through rulemaking. Track 2 develops non-regulatory, non-mandatory buying guides, tools, and Practitioner Albums to preserve practical content outside the regulation. For contractors, that means the operative guidance may be split across the FAR, agency deviations, and companion resources. The FAQs also state that beneficial practices removed from the FAR may still be used unless specifically prohibited, so contractors should not assume a familiar practice disappears just because it leaves the regulation. The practical move is to verify the current deviation text and agency-specific guidance before relying on any compliance assumption or proposal strategy.