Acronyms that contain the term Federal Acquisition Regulation 

Federal Acquisition Regulation

The Federal Acquisition Regulation is the principal set of rules in the Federal Acquisition Regulation System. The FAR System governs the "acquisition process" by which the federal government purchases goods and services. The process consists of three phases: need recognition and acquisition planning, contract formation, and contract administration. The FAR System regulates the activities of government personnel in carrying out that process. The FAR System is codified at Title 48, Chapter 1 of the United States Code of Federal Regulations. These requirements can be found in the Code of Federal Regulations at 48 CFR, part 31. While nearly all federal government agencies are required to comply with the FAR, some agencies are exempt. In those cases, the agency promulgates its own specific procurement rules. The remainder of the FAR System consists mostly of sets of regulations issued by agencies of the federal government of the United States to supplement the FAR.

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