The Trump administration’s goal of stripping provisions from the main body of procurement rules — the Federal Acquisition Regulation — could bring dramatic changes to how and from which companies the US government buys goods and services.
Most of the government’s more than $700 billion in average annual contract purchases fall under one or more provisions of the FAR, including those that provide transparency into and oversight of requirements, bidding, competition, cost strategies, company disclosures, compliance, awards and disputes, and accounting practices.
President Donald Trump’s April 15 executive order blasted the 40-year-old, more than 2,000-page FAR as a barrier to ...