FAR Part 1 Overhaul (2025) Flashcards
(37 cards)
What is the Federal Acquisition Regulations System (the System)?
A collection of acquisition regulations and guidance including the FAR, agency acquisition regulations, and acquisition guides.
The FAR is located at 48 CFR chapter 1.
What are the components of the System?
- The Federal Acquisition Regulation (FAR)
- Agency acquisition regulations
- Acquisition guides
What is the primary purpose of the FAR?
To serve as a single acquisition regulation for all acquisitions and executive agencies.
What does the System aim to ensure regarding taxpayer dollars?
The most effective use of taxpayer dollars while balancing various interests and objectives.
What is one guiding principle of the System?
Maximize buying commercial products or services rather than requiring Government-unique solutions.
True or False: The System includes internal guidance supplementing agency acquisition regulations.
False
What is the role of acquisition team members in the System?
To exercise personal initiative and sound business judgment to meet the agency’s mission and manage risk.
What is the definition of ‘deviation’ in the context of the FAR?
Issuing or using a policy, procedure, or practice inconsistent with the FAR.
What must agencies do if they wish to issue agency acquisition regulations?
They must ensure regulations do not unnecessarily repeat or conflict with the FAR.
What is the purpose of the FAR Council?
To prepare and jointly issue the FAR under their statutory authorities.
How often are statutory acquisition-related dollar thresholds adjusted for inflation?
Every 5 years.
What does 41 U.S.C. chapter 13 pertain to?
Acquisition Councils.
Fill in the blank: The FAR is published in the daily issue of the _______.
Federal Register
What is the responsibility of contracting officers?
- Signing, administering, or terminating contracts
- Ensuring compliance with contract terms
- Ensuring impartial treatment of offerors and contractors
What is required before a contracting officer signs a contract?
- Ensure it meets all requirements of law and regulations
- Ensure funds are available for obligation
What does 41 U.S.C. 1702(b)(3)(G) require agency heads to establish?
A procurement career management program.
What must agencies do if their acquisition regulations have a significant effect beyond internal procedures?
Publish them for comment in the Federal Register.
What is the purpose of class deviations from the FAR?
To affect more than one contract action.
What is the maximum timeframe for the FAR Council to review class deviation requests?
5 business days.
True or False: Individual deviations can affect multiple contract actions.
False
What is one responsibility of the FAR Regulatory Secretariat?
To publish and distribute the FAR through the CFR system.
What happens to FAR sections not required by statute after 4 years?
They must expire unless renewed by the FAR Council.
What is the definition of ‘modification’ in the FAR?
A change to a solicitation provision or contract clause not authorized by the FAR.
What is required by 41 U.S.C. 1702(b)(3)(G) regarding procurement management?
Agency heads must establish and maintain a procurement career management program, including a system to select, appoint, and terminate contracting officers’ appointments.
This law emphasizes the importance of a structured approach to managing procurement personnel.