{"id":349,"date":"2021-03-10T12:15:16","date_gmt":"2021-03-10T17:15:16","guid":{"rendered":"https:\/\/www.diener.org\/?page_id=349"},"modified":"2025-03-21T17:30:08","modified_gmt":"2025-03-21T21:30:08","slug":"far","status":"publish","type":"page","link":"https:\/\/www.diener.org\/gov-contract\/compliance\/far\/","title":{"rendered":"FAR Compliance"},"content":{"rendered":"

The Department of Defense (DoD), GSA, and the National Aeronautics and Space Administration (NASA) jointly issue the Federal Acquisition Regulation (FAR)<\/a> for use by executive agencies in acquiring goods and services. FAR compliance is essential if your organization wants to procure government contracts. The CPAs at Diener & Associates offer FAR compliance services, which include conducting risk assessments of your current bookkeeping and other financial recording processes and offering professional consultations on what steps you can take to maintain compliance.<\/p>\n

What Is FAR Compliance?<\/h2>\n

The Federal Acquisition Regulations System was established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies. The Federal Acquisition Regulation (FAR) is its main document. The primary role of FAR is to establish the process for accepting government-issued contracts, but it also provides standards for the entire contract cycle. FAR compliance refers to your organization’s ability to follow the standards that are established with FAR.<\/p>\n

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Reach out today.<\/p>

Schedule Consultation<\/span> <\/i><\/span><\/a><\/div><\/div>\n

Federal Acquisition Regulations<\/h2>\n

FAR is published as Chapter 1 of Title 48 of the Code of Federal Regulations (CFR). It contains 53 parts divided into subsections including:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
FAR Subchapters<\/th>\n<\/tr>\n<\/thead>\n
A<\/th>\nGeneral<\/td>\n1-4<\/td>\n<\/tr>\n
B<\/th>\nCompetition and Acquisition Planning<\/td>\n5-12<\/td>\n<\/tr>\n
C<\/th>\nContracting Methods and Contract Types<\/td>\n13-18<\/td>\n<\/tr>\n
D<\/th>\nSocioeconomic Programs<\/td>\n19-26<\/td>\n<\/tr>\n
E<\/th>\nGeneral Contracting Requirements<\/td>\n27-33<\/td>\n<\/tr>\n
F<\/th>\nSpecial Categories of Contracting<\/td>\n34-41<\/td>\n<\/tr>\n
G<\/th>\nContract Management<\/td>\n42-51<\/td>\n<\/tr>\n
H<\/th>\nClauses and Forms<\/td>\n52-53<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

FAR consists of strict guidelines that provide a general plan for how contracts are awarded by various government agencies and establishes an umbrella of procurement regulations on how companies do business with the federal government. FAR covers all aspects of the procurement lifecycle: acquisition planning, source selection, and contract administration.<\/p>\n

Acquisition Planning<\/h2>\n

Acquisition planning is the first stage of the procurement process for government agencies and includes the following:<\/p>\n