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The “Revolutionary FAR Overhaul”: What Government Contractors Need to Know
Bradley – The Federal Acquisition Regulation (FAR) is often described as the “bible” of federal procurement. For decades, it has governed how agencies acquire goods and services, and how contractors compete for, win, and perform government contracts. While incremental updates are common, the federal procurement community is now bracing for the implementation of an effort describing itself as a “revolutionary FAR overhaul”—a top-to-bottom “modernization effort” that could reshape the contracting landscape.