Preface
Federal government contracting is a highly regulated area of commerce. On the first day of training, an aspiring acquisition professional learns the central importance of the Federal Acquisition Regulation (FAR)—the principal regulation governing federal government contracting.1 It quickly becomes clear that the 53-part/~2,000 page FAR plays a central role in regulating our federal procurement system. Acquisition students also learn that as they work through contracting issues, their regulatory analysis cannot stop at the FAR level because most large federal departments and agencies have created their own unique regulations that further implement the FAR. These FAR supplements, in combination with the FAR, are collectively known as ...
