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!!! Overview
[{$pagename}] ([FAR]) is the principal set of rules in the Federal Acquisition Regulations System regarding government procurement in the [United States federal government],[1] and is codified at Chapter 1 of Title 48 of the [Code of Federal Regulations], 48 [CFR] 1.
[{$pagename}] governs the "acquisition process" by which [United States Executive Branch] agencies of the [United States federal government] acquire (i.e., purchase or lease) goods and services by contract with appropriated funds.
The process consists of three phases:
* Need recognition and acquisition planning;
* Contract formation; and
* Contract administration.
[{$pagename}] regulates the activities of government personnel in carrying out that process.
While nearly all federal government executive agencies are required to comply with the FAR, some executive agencies are exempt (e.g., the [Federal Aviation Administration] and the U.S. Mint. In those cases, the agency promulgates its own specific procurement rules.
The remainder of the FAR System consists mostly of sets of regulations issued by executive agencies of the federal government of the United States to supplement the FAR.
!! More Information
There might be more information for this subject on one of the following:
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