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The FAR Companion Guide Is Where the Action Is
GovCon Intelligence – While most people in GovCon are focused on the FAR Overhaul, the current version of the Federal Acquisition Regulation (FAR) appeared as a prop at a hearing of the House Small Business Subcommittee on Contracting and Infrastructure. The reason the current FAR is so long is that it tries to do several things at once: be the combined source of laws that govern contracting and provide guidance to agency contracting officers. The FAR Overhaul cuts thousands of words by limiting itself almost exclusively to law, with some important exceptions. So where does the guidance part go? In part, it’s in the FAR Companion Guide.