The federal government has long maintained a preference for selecting commercial products and services in the federal procurement space. This preference has been the case since at least the time President Clinton signed the Federal Acquisition Streamlining Act of 1994 (FASA) into law, and has been reiterated by Congress since then, including in the National Defense Authorization Act for Fiscal Years 2016 and 2017, for example, and the preference is enshrined in Federal Acquisition Regulation (FAR) Part 12.
The 2,000 page Federal Acquisition Regulation (the “FAR”) has guided and dictated federal procurement for more than forty years. Periodically, the FAR has been updated to make procurement more efficient and simpler. The Trump administration is now undertaking its own effort with the rollout of an executive order entitled “Restoring Common Sense to Federal Procurement.” It goes without saying that significant changes to the FAR will impact how federal contractors and their subcontractors do business with the federal government.
Search
Recent Posts
Categories
Tags
- Code of Federal Regulations
- Commercial Products
- Contractor’s Action Plan
- Cybersecurity
- Cybersecurity Maturity Model Certification
- Defense Contractors
- Department of Defense
- Executive Order
- FAR
- Federal Acquisition Regulations
- Federal Acquisition Regulatory Council
- Federal Contractors
- Federal Contracts
- Federal Government Contractor
- Federal Government Shutdown
- Federal Procurement
- Government Shutdown
- Office of Management and Budget
- Procurement