What Does FAR Stand For?

FAR stands for Federal Acquisition Regulation

The Federal Acquisition Regulation (FAR) is a set of rules issued by the federal government to govern the acquisition process for federal agencies. It establishes uniform policies and procedures for procurement, ensuring the efficient and effective use of government resources while promoting fairness, transparency, and accountability in contracting. FAR applies to all federal agencies and covers various aspects of the acquisition process, including contract formation, performance, and administration.

Other Meanings for FAR