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Real Estate Glossary

Federal Acquisition Regulation (FAR)

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Richard Wilson
Written by Richard Wilson

This is the primary source of authority that governs the government procurement process. FAR is issued, maintained, and prepared under the joint backing of the Secretary of Defense, the Administrator of General Services Administration, and the Administrator of the National Aeronautics and Space Administration. Both the Defense Acquisition Regulatory Council (DARC) and Civilian Agency Acquisition Council (CAAC) are responsible for the preservation and the reworking of the FAR.

This is the primary source of authority that governs the government procurement process. FAR is issued, maintained, and prepared under the joint backing of the Secretary of Defense, the Administrator of General Services Administration, and the Administrator of the National Aeronautics and Space Administration. Both the Defense Acquisition Regulatory Council (DARC) and Civilian Agency Acquisition Council (CAAC) are responsible for the preservation and the reworking of the FAR.

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Richard Wilson

Richard Wilson

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