The Federal Acquisition Regulation (FAR) contains the uniform policies and procedures for acquisitions by executive agencies of the federal government. The FAR is issued and maintained by the Department of Defense, the General Services Administration, and the National Aeronautics and Space Administration. The July 2016 CCH Federal Acquisition Regulation (FAR) reproduces the FAR and all amendments to the regulations issued prior to July 1, 2016, along with an easy-to-use topical index. Sources of the amended text are listed in brackets along with the date of issuance and the effective date for all sections changed since the initial text of FAR appeared in the Federal Register of September 19, 1983. It contains all of the Federal Acquisition Circular, Final Rule, Interim Rule and Corrections made since January 1, 2016.

Take the First Step Toward Building a Strong Foundation in Federal Acquisition! Federal Acquisition: Key Issues and Guidance is an essential guide to understanding and working within the complex world of federal government contracting. It offers brief but comprehensive explanations of the major phases and essential tasks in the contracting process. Written in a clear and easy-to-understand style, this resource provides the perfect foundation for building a thorough understanding of federal contracting. Author Paula Compton focuses on the most problematic areas of federal contracting, highlighting the deficiencies cited most often by the Government Accountability Office and Inspector General audits and reports, such as: • Not performing market research • Inadequate independent government cost estimates • Violation of the bona fide needs rule • Insufficient statements of work • Inadequate price or cost analysis Anyone new to government acquisition will find that reading this book is the ideal first step on the path to understanding the federal acquisition process. Seasoned contract professionals will find it an excellent quick review.