What Does FAR Stand For?
FAR stands for Federal Acquisition Regulations
FAR, or Federal Acquisition Regulations, is a comprehensive set of rules governing the procurement processes of federal agencies in the United States. It establishes standardized policies and procedures for acquiring goods and services, ensuring transparency, competition, and fairness in the federal contracting process. The FAR is essential for maintaining accountability and compliance in government procurement, providing guidelines that help federal entities effectively manage public funds while fostering integrity and efficiency in the acquisition system.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym