FAR? DFARS? GSARS? Are you far away from understanding all of this?

Share Button

Effective Oct 17, 2008, the Federal Acquisition Regulation (FAR) went through a significant rewrite to reflect and implement all of the changes made by all the recent laws.  The FAR is the basic rulebook for government contracts.  It contains all the rules governing the contracting process as well as all the forms and clauses used in government contracts.  In order to do business with the federal government, you need to have a basic knowledge of what is in the FAR and how to use it.

The FAR is divided into 53 parts, each dealing with a separate aspect of the federal acquisition process.  Part 52 contains the standard terms and conditions contained in a government contract including the Trade Agreement Act, Buy American Act, and the Contractor Code of Business Ethics and Conduct.  Copies of most of the Government prescribed forms are in Part 53.  Merger or acquisition in your future?  See subpart 42.12 for asset transfer and name change.  Small businesses may be interested in Part 19 on Small Business Programs.

Although the FAR is the primary acquisition regulation for the federal government, each government agency may issue an agency acquisition supplement to the FAR.  These supplements are not stand-alone documents, but must be read in conjunction with the FAR.  Some of the more commonly used supplements are: the Defense Federal Acquisition Regulation Supplement (DFARS) and the General Services Acquisition Regulation Supplement (GSARS).   You can find many agency acquisition supplements at  http://farsite.hill.af.mil/

About Aronson LLC

Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

View Archives


Latest Webinar Videos