The Trump administration is pushing forward a significant overhaul of the Federal Acquisition Regulation (FAR) aimed at simplifying government procurement. New revisions include changes to six parts of the FAR, notably commercial acquisition, focusing on removing unnecessary reporting requirements. The changes intend to lower costs, enhance delivery times, and foster increased competition. The FAR Council is also retiring certain sections and integrating them into new security policies. Updates will facilitate the use of government-wide contracts for common products and services, further optimizing procurement.
The FAR Council released new text for six parts of the FAR, including the section dealing with commercial acquisition, aimed at facilitating procurement.
The goal of the changes is to remove unnecessary requirements to reduce costs, improve efficiency, and increase competition within federal procurement.
The White House indicated some parts of the FAR have been retired completely and merged into a central section focused on information and supply chain security policies.
The updates to the FAR emphasize the use of government-wide contracts for common commercial products, improving access to 'best-in-class' and 'preferred' options.
#federal-acquisition-regulation #deregulation #procurement #government-contracts #trump-administration
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