What is the goal of the FAR in federal contracting?

The primary goal of the Federal Acquisition Regulation (FAR) in federal contracting is to establish rules and guidelines for the procurement of goods and services by federal agencies. The FAR serves as a comprehensive framework that governs the acquisition process, ensuring that it is conducted in a manner that is fair, transparent, and efficient. By setting standardized procedures and regulations, the FAR aims to facilitate effective competition, promote integrity in contracting, and ensure that taxpayer dollars are used responsibly. This structured approach helps agencies navigate the complexities of federal procurement, leading to better outcomes for both the government and the contractors involved.