Federal Acquisition Regulation (FAR) and Government Contracting Overview
Date / Time:
March 3, 2023 / 8:30 am ET
Leadership Economic Advancement Program (L.E.A.P)
6240 Old Dobbin Lane
Columbia, MD 20145
Visit this link to register.
For more information related to this event, please contact Tayler Tarlton – Director of Programs & Events
Purchases made by the federal government must comply with the Federal Acquisition Regulation (FAR), which governs all federal acquisitions. There are a variety of different ways that agencies can comply with these regulations and a variety of contract types to match. Agencies are bound by certain regulations based on several factors, including:
- Type of item being purchased (“item” refers to both supplies and services)
- Dollar value of the purchase
- Expected duration of the purchase
- Types and sizes of contractors expected to compete
- Agencies must choose a certain type of contract based on their requirements.
Successful contractors must have a basic understanding of the FAR and its critical elements as well as the types of contracts most often used by agencies.
- Overview of the governing laws of Federal Acquisition Regulations.
- Overview of the Contracting Officer’s guidebook for solicitations, awards, contract administration and closeout.
- Understanding the nuances of the contracting language.