Understanding the Federal Acquisition Regulation (FAR)

Sharpen your understanding of the FAR, its major changes and the impact of reforms on federal contracting. Nearly every major aspect of federal contracting is impacted by acquisition reforms. Major areas impacted by the rules: contract formation, simplified acquisition threshold, whistleblower protections, small business and socioeconomic laws, commercial items, federal acquisition computer network, ethics/procurement integrity. The FAR remains as the baseline document for government acquisitions.

Nearly every government contract is "built" on the FAR; virtually every government contractor must have a solid working knowledge of the FAR's provisions.

In recent years, the acquisition process - procurement regulations, procurement culture, training of government procurement personnel - has changed. Many reforms require that you make a formal assessment of the implications and impacts of the regulations. Procurement of commercial products and services has been enhanced and the Procurement Integrity Act provisions have changed. Part 15 of the FAR is enormous in scope and depth. It has streamlined, reshaped and redefined how the Federal Government goes about its source selection process. Basically, it is changing contracting by negotiations.

Benefits

  • Understand how the FAR applies to prime contractors
  • Explore issues dealing with subcontractor kickbacks
  • Become aware of acquisition planning
  • Learn about debarment, suspension and ineligibility
  • Find out how to contract by negotiations
  • Learn about the concerns of small businesses and small disadvantaged businesses
  • Find out the impact of FAR Part 15 - rules, policies and procedures
  • Learn about contract management

Major Topics

  • Federal Acquisition Regulation System
  • Improper business practices and conflict of interest
  • Competition and acquisition planning
  • Contractor qualifications
  • Acquisition of commercial products
  • Contractor delivery or performance
  • Contract methods and contract types
  • Socioeconomic programs
  • General contracting requirements
  • Special categories of contracting
  • Contract management
  • Clauses and forms
  • FAR part 15

2 days/1.4 CEUs awarded