FARFederal Acquisition Regulation

The Federal Acquisition Regulation (FAR) is the principal set of rules and procedures that federal executive agencies must follow when acquiring supplies and services with appropriated funds. Codified in Title 48 of the Code of Federal Regulations, the FAR establishes uniform policies and procedures for acquisition by all executive agencies. It covers the entire procurement process from planning through contract administration and closeout. The FAR is supplemented by agency-specific regulations such as the Defense Federal Acquisition Regulation Supplement (DFARS) for Department of Defense procurements. Understanding the FAR is essential for any contractor doing business with the federal government, as it defines contractor rights, obligations, and the terms that will govern contract performance.