Pub K
FAR Out! How the Federal Acquisition Regulation Overhaul Will Require Contractors to Rethink Compliance Management
Ogletree Deakins – Federal procurement is in a period of significant change that will reshape both how agencies buy goods and services and how contractors manage compliance. The Federal Acquisition Regulation (FAR) is moving away from highly prescriptive, checklist-driven rules toward a more principles-based framework that emphasizes judgment and discretion and necessitates well-developed internal controls. For contractors, this shift places greater importance on disciplined risk management—and the most resilient approach is a proactive compliance framework that integrates procurement, employment, and operational practices to manage regulatory exposure holistically.