Hunton Retail Law Resource

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.