Who is subject to Federal Acquisition Regulation?
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.
What is bona fide need rule?
§ 1502(a), commonly referred to as the bona fide needs rule, which provides that fixed period appropriations are only available for the legitimate needs of the period of availability for which they were made. The bona fide needs rule applies to cost-reimbursement contracts, just as it does to other contract types.
Who administers FAR revisions?
1.103 Authority. (b) The FAR is prepared, issued, and maintained, and the FAR System is prescribed jointly by the Secretary of Defense, the Administrator of General Services, and the Administrator, National Aeronautics and Space Administration, under their several statutory authorities.
Which legal authority was influential in providing uniform BA related definitions and procedures for federal agency purchases?
Which legal authority was influential in providing uniform BA related definitions and procedures for federal agency purchases? Executive Order 10582 prescribed uniformed procedures for executive government agencies to follow in their purchasing operations.
Is the Federal Acquisition Regulation a law?
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1.
How do I cite the Federal Acquisition Regulation?
Federal Acquisition Regulation (FAR): When citing the entire regulation, use Federal Acquisition Regulation (FAR); no citation is required. When citing to a specific section of the FAR, use “48 C.F.R. § [section number]” or “FAR § [section number].” Provide the year of the current versions of the FAR.
Does the bona fide need rule have exceptions for services?
Two GAO recognized exceptions to the Bona Fide Needs Rule, specific to supplies, are the lead- time exception (for both delivery and production) and the stock-level exception. See DoD 7000.14-R, Volume 3, Chapter 8. (b) Services. The bona fide need for services does not arise until the services are rendered.
What is a lead time exception in the federal government?
Lead-time exception: Agencies are permitted to consider normal lead-time in determining bona fide need for a purchase. For example, if the normal lead-time for an item is 30 days, the government may obligate FY 21 funds for an item required on or before 30 Oct 21.
How do you cite a Federal Acquisition Regulation?
What is defense procurement and acquisition policy?
Defense Procurement and Acquisition Policy – DFARS. Finalizes an interim rule published on February 21, 2003 (DFARS Change Notice 20030301), to implement statutory requirements for contractors to submit, and DoD to process, payment requests in electronic form.
What is the Dfars PGI?
Defense Federal Acquisition Regulation Supplement (DFARS) and Procedures, Guidance, and Information (PGI) The DFARS and PGI provide uniform acquisition policies and procedures for the Department of Defense.
How big is the Federal Acquisition Regulation?
The Federal Acquisition Regulation (“FAR”) is found in Title 48 of the Code of Federal Regulations. It consists of 37 Chapters (Chapter 1, some 2,000+ pages, which applies to all agencies, and then various agency supplements plus the Cost Accounting Standards).